The Minimum Wage Puzzle in Less Developed Countries: Reconciling Theory and Evidence

The Minimum Wage Puzzle in Less Developed Countries: Reconciling Theory and Evidence
We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries. READ MORE...

Publication date: January 2020
ISBN 9781513527888
$18.00

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