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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/30537
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Danziger, Leif | | en_US |
| dc.date.accessioned | | 2009-10-21 | | en_US |
| dc.date.accessioned | | 2010-05-14T08:21:52Z | | - |
| dc.date.available | | 2010-05-14T08:21:52Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/30537 | | - |
| dc.description.abstract | | This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation and instead pay a lower subminimum wage rate. If workers are risk neutral, we prove that working hours and welfare are invariant to the minimum wage rate. If workers are risk averse and imprudent (which is the empirically likely case), then working hours decrease with the minimum wage rate, while their welfare may increase. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper 2786 | | en_US |
| dc.subject.jel | | J38 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | noncompliance | | en_US |
| dc.subject.keyword | | minimum wage | | en_US |
| dc.subject.keyword | | working hours | | en_US |
| dc.subject.keyword | | welfare | | en_US |
| dc.subject.keyword | | competitive labor markets | | en_US |
| dc.subject.stw | | Mindestlohn | | en_US |
| dc.subject.stw | | Normbefolgung | | en_US |
| dc.subject.stw | | Arbeiter | | en_US |
| dc.subject.stw | | Risikopräferenz | | en_US |
| dc.subject.stw | | Arbeitszeit | | en_US |
| dc.subject.stw | | Wohlfahrtseffekt | | en_US |
| dc.subject.stw | | Arbeitsmarkttheorie | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Noncompliance and the effects of the minimum wage on hours and welfare in competitive labor markets | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 61074089X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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