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dc.contributor.authorLemos, Saraen_US
dc.date.accessioned2009-01-28T16:13:09Z-
dc.date.available2009-01-28T16:13:09Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20307-
dc.description.abstractIt is well established in the international literature that minimum wage increases compress the wages distribution. Firms respond to these higher labour costs by reducing employment, reducing profits, or raising prices. While there are hundreds of studies on the employment effect of the minimum wage, there is less than a handful studies on its profit effects, and only a couple of dozen studies on its price effects. Not only is the literature scanty on the minimum wage price effects, but also it lacks a survey on that. This survey represents an important contribution to the literature because it summarizes and critically compares over twenty price effect studies, providing a benchmark in the literature. This survey further contributes to the literature by offering an input to the recent debate over the direction of employment effects of the minimum wage. With employment and profits not significantly affected, higher prices is an obvious response to a minimum wage increase. Moreover, this survey also contributes to the literature by extending the current understanding on the minimum wage as a policy against inequality and poverty. If the minimum wage does not cause disemployment but causes inflation, it might hurt rather than aid the poor, who disproportionately suffer from inflation.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1072en_US
dc.subject.jelJ38en_US
dc.subject.ddc330en_US
dc.subject.keywordminimum wageen_US
dc.subject.keywordwage effecten_US
dc.subject.keywordemployment effecten_US
dc.subject.keywordprice effect informal sectoren_US
dc.subject.keywordcost shocken_US
dc.subject.stwMindestlohnen_US
dc.subject.stwArbeitskostenen_US
dc.subject.stwPreisniveauen_US
dc.subject.stwWelten_US
dc.titleThe Effect of the Minimum Wage on Pricesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn383866782en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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