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The minimum wage and the labor market

Author

Listed:
  • Guillaume Rocheteau
  • Murat Tasci

Abstract

New models of employment show that there are some cases in which a minimum wage can have positive effects on employment and social welfare. The effects depend ultimately on the prevailing market wage and the frictions in the market. Evidence to date does not support the view that raising the minimum wage will lead to positive employment effects.

Suggested Citation

  • Guillaume Rocheteau & Murat Tasci, 2007. "The minimum wage and the labor market," Economic Commentary, Federal Reserve Bank of Cleveland, issue May.
  • Handle: RePEc:fip:fedcec:y:2007:i:may1
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    Cited by:

    1. Paulina Broniatowska & Aleksandra Majchrowska & Zbigniew ¯ó³kiewski, 2015. "Does minimum wage reduce youth employment on regional labour markets in Poland?," Lodz Economics Working Papers 1/2015, University of Lodz, Faculty of Economics and Sociology.
    2. Anna Krajewska & Piotr Krajewski & Katarzyna Pilat, 2013. "The Effect of the Minimum Wage on the Competitiveness of Economy Introduction," Diversity, Technology, and Innovation for Operational Competitiveness: Proceedings of the 2013 International Conference on Technology Innovation and Industrial Management, ToKnowPress.

    More about this item

    Keywords

    Minimum wage ; Labor market;

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