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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26668
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| Title: | | Asymmetric information renders minimum wages less harmful  |
| Authors: | | Schöb, Ronnie Thum, Marcel |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2623 |
| 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. |
| Subjects: | | minimum wages unemployment asymmetric information labour market regulation |
| JEL: | | J2 J3 H5 L5 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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