The effect of minimum-wage laws on the distribution of employment: theory and evidence

被引:34
作者
Lang, K [1 ]
Kahn, S [1 ]
机构
[1] Boston Univ, Dept Econ, Boston, MA 02215 USA
基金
美国国家科学基金会;
关键词
minimum wages; search; unemployment;
D O I
10.1016/S0047-2727(97)00085-6
中图分类号
F [经济];
学科分类号
02 ;
摘要
Recent research casts doubt on the view that minimum-wage laws reduce employment. We show that in a simple model of bilateral search with heterogeneous workers, a minimum-wage law increases employment. However, the increased competition from higher productivity workers makes lower productivity workers worse off without making higher productivity workers better off. We provide evidence that minimum-wage laws shift employment from adults to teenagers and students. This raises concerns about the distributional consequences of minimum wages even when they increase employment. (C) 1998 Elsevier Science S.A.
引用
收藏
页码:67 / 82
页数:16
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