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The Optimal Minimum Wage for Poverty Minimization

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  • Goto, Hideaki

Abstract

The effects of a minimum wage on employment and on poverty have been studied in the literature. This paper characterizes the poverty minimizing minimum wage, and shows how it depends on productivity, inequality and the degree of labor market competitiveness.

Suggested Citation

  • Goto, Hideaki, 2008. "The Optimal Minimum Wage for Poverty Minimization," Working Papers 51160, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudawp:51160
    DOI: 10.22004/ag.econ.51160
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    References listed on IDEAS

    as
    1. Neumark, David & Wascher, William L., 2007. "Minimum Wages and Employment," Foundations and Trends(R) in Microeconomics, now publishers, vol. 3(1–2), pages 1-182, March.
    2. Gary Fields & Ravi Kanbur, 2007. "Minimum wages and poverty with income-sharing," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 5(2), pages 135-147, August.
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