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dc.contributor.authorvan den Berg, Gerard J.en_US
dc.date.accessioned2009-01-28T16:11:13Z-
dc.date.available2009-01-28T16:11:13Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/20051-
dc.description.abstractIt is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the lowest wage in the market exceeds the minimum wage. The model has multiple equilibria as a result of the fact that the reservation wage of the unemployed and the lowest production technology in use affect each other. Imposition of a minimum wage may improve social welfare.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 806en_US
dc.subject.jelJ42en_US
dc.subject.jelD83en_US
dc.subject.jelJ3en_US
dc.subject.jelC72en_US
dc.subject.jelJ6en_US
dc.subject.ddc330en_US
dc.subject.keywordwagesen_US
dc.subject.keywordproductivityen_US
dc.subject.keywordjob searchen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordimperfect informationen_US
dc.subject.keywordequilibriumen_US
dc.subject.keywordlabor market policyen_US
dc.subject.keywordmatchingen_US
dc.subject.keywordcongestionen_US
dc.subject.stwArbeitsmarkten_US
dc.subject.stwMindestlohnen_US
dc.subject.stwArbeitsucheen_US
dc.subject.stwGleichgewichtstheorieen_US
dc.subject.stwTheorieen_US
dc.titleMultiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn366031775en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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