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Minimum Wages and Employment

Static and Dynamic Non-Market-Clearing Equilibrium Models

  • Book
  • © 2004

Overview

Authors:
  1. Christian Ragacs

    1. Vienna University of Economics and Business Administration, Austria

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About this book

Christian Ragacs develops contributions to the theory of minimum wages, while taking rationing and spill-over effects on markets other than the labour market into account. Following an introduction into the theory of minimum wages and a discussion of methodological problems, four new theoretical models are developed; two of them comparative static in nature and two models of endogenous growth. The results are contradictory - partly supporting the 'textbook' theory and partly yielding unorthodox results, such as no change in the steady state rates of growth and employment.

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xii
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  2. Introduction

    1. Introduction

      • Christian Ragacs
      Pages 1-12

  3. On Theory and Methodology

    1. Front Matter

      Pages 13-13
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    2. An Inquiry into the Theory of Minimum Wages

      • Christian Ragacs
      Pages 15-38

    3. Minimum Wages and “General Equilibrium”: Methodological Problems

      • Christian Ragacs
      Pages 39-48

  4. Minimum Wages and Comparative Statics

    1. Front Matter

      Pages 49-49
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    2. Supporting the Partial Equilibrium Results

      • Christian Ragacs
      Pages 51-67

    3. Minimum Wages, Unemployment and the Creation of Human Capital

      • Christian Ragacs
      Pages 68-84

  5. Minimum Wages and Economic Growth

    1. Front Matter

      Pages 85-85
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    2. Minimum Wages, Human Capital and Growth

      • Christian Ragacs
      Pages 87-121

    3. Minimum Wages, Unemployment and Growth

      • Christian Ragacs
      Pages 122-135

    4. Conclusions

      • Christian Ragacs
      Pages 136-144

  6. Back Matter

    Pages 145-191
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Authors and Affiliations

  • Vienna University of Economics and Business Administration, Austria

    Christian Ragacs

About the author

CHRISTIAN RAGACS is Assistant Professor at the Vienna University of Economic and Business Administration. He teaches courses on economic policy, micro- and macroeconomics and economic growth. He received the Theodor-Körner prize for his contribution to growth policy in 1997. His fields of research are economic growth and labour economics.

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