RT Journal Article
T1 The Role of the Minimum Wage in the Welfare State : An Appraisal
A1 Dolado, Juan José
A1 Felgueroso, Florentino
A1 Jimeno, Juan F.
AB In order to offer a balanced assessment of the role of minimum wages in the Welfare State, seven basic questions need to be answered: (i) Why is the minimum wage a useful redistributive tool?; (ii) How binding are minimum wage floors in different countries?; (iii) To what extent do minimum wages have the adverse consequences that standard analysis predict?; (iv) Are there strong theoretical grounds underlying the revisionist results?; (v) Who supports minimum wages?; (vi) Under which conditions is the minimum wage a better tool than other policy instruments to achieve income redistribution?; and, finally, (vii) What is the overall cross-country time-series evidence regarding the employment effect of the minima? The aim in this paper is to provide an appraisal on the available evidence for each of the above-mentioned issues.
PB Swiss Society of Economics and Statistics
SN 0303-9692
YR 2000
FD 2000
LK https://hdl.handle.net/10016/3267
UL https://hdl.handle.net/10016/3267
LA eng
DS e-Archivo
RD 19 may. 2024