IDEAS home Printed from https://ideas.repec.org/p/ces/ceswps/_2623.html
   My bibliography  Save this paper

Asymmetric Information Renders Minimum Wages Less Harmful

Author

Listed:
  • Ronnie Schöb
  • Marcel Thum

Abstract

We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information.

Suggested Citation

  • Ronnie Schöb & Marcel Thum, 2009. "Asymmetric Information Renders Minimum Wages Less Harmful," CESifo Working Paper Series 2623, CESifo Group Munich.
  • Handle: RePEc:ces:ceswps:_2623
    as

    Download full text from publisher

    File URL: http://www.cesifo-group.de/DocDL/cesifo1_wp2623.pdf
    Download Restriction: no

    More about this item

    Keywords

    minimum wages; unemployment; asymmetric information; labour market regulation;

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_2623. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Klaus Wohlrabe). General contact details of provider: http://edirc.repec.org/data/cesifde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.