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Dysfonctionnement de la théorie néoclassique : Le salaire minimum un des exemples
[Dysfunction of the neoclassical theory : The minimum wage is one of the examples]

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  • Gharyeni, Abdellatif

Abstract

The role of the minimum wage as « standard indicator » of public employment policies made a lot of controversy in the literature. The last few years, the issue renewed interest in the distributions offset angle, widening inequality gap and the emergence of insecurity in the workplace. Interpretations diverge and converge between the neoclassical orthodoxy and other schools of thought. We spend in literature review the effects of minimum wages on employment. Our review indicates that there is a lack of consensus on the overall effects of a minimum wage fixing. The competitive model usually provides negative effects. However, we noticed very little evidence is convincing. The dominant theory showed many flaws in its strength and relevance. Moreover, recent approaches fail to support the conclusion that the minimum wage negatively affects the level and quality of employment. The majority of the models discussed in this document provide strong evidence on the positive effects of the minimum wage. The competitive model seems well offset the reality of the employment system and wage relationship.

Suggested Citation

  • Gharyeni, Abdellatif, 2015. "Dysfonctionnement de la théorie néoclassique : Le salaire minimum un des exemples [Dysfunction of the neoclassical theory : The minimum wage is one of the examples]," MPRA Paper 73499, University Library of Munich, Germany, revised 02 Sep 2016.
    • Handle: RePEc:pra:mprapa:73499
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    References listed on IDEAS

    as
    1. Sébastien Grobon, 2013. "Quels effets du salaire minimum sur le chômage ?," Regards croisés sur l'économie, La Découverte, vol. 0(1), pages 107-111.
    2. Sébastien Grobon, 2013. "Quels effets du salaire minimum sur le chômage ?," Reflets et perspectives de la vie économique, De Boeck Université, vol. 0(1), pages 107-111.
    3. John Schmitt, 2013. "Why Does the Minimum Wage Have No Discernible Effect on Employment?," CEPR Reports and Issue Briefs 2013-04, Center for Economic and Policy Research (CEPR).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    History of economic; minimum wage; labor management relations; working conditions; human resources; public employment policy;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions

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