Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102106
Authors: 
Economides, George
Moutos, Thomas
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 4821
Abstract: 
Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability among workers.
Subjects: 
minimum wage
capital accumulation
heterogeneity
unemployment
JEL: 
E21
E24
E64
H23
J23
Document Type: 
Working Paper

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