Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/20051 
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dc.contributor.authorvan den Berg, Gerard J.en
dc.date.accessioned2009-01-28T16:11:13Z-
dc.date.available2009-01-28T16:11:13Z-
dc.date.issued2003-
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 thelowest production technology in use affect each other. Imposition of a minimum wage may improve social welfare.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x806en
dc.subject.jelJ42en
dc.subject.jelD83en
dc.subject.jelJ3en
dc.subject.jelC72en
dc.subject.jelJ6en
dc.subject.ddc330en
dc.subject.keywordwagesen
dc.subject.keywordproductivityen
dc.subject.keywordjob searchen
dc.subject.keywordunemploymenten
dc.subject.keywordimperfect informationen
dc.subject.keywordequilibriumen
dc.subject.keywordlabor market policyen
dc.subject.keywordmatchingen
dc.subject.keywordcongestionen
dc.subject.stwArbeitsmarkten
dc.subject.stwMindestlohnen
dc.subject.stwArbeitsucheen
dc.subject.stwGleichgewichtstheorieen
dc.subject.stwTheorieen
dc.titleMultiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies-
dc.typeWorking Paperen
dc.identifier.ppn366031775en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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