| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3272 |
| DP3272 Contractual Incompleteness and the Nature of Market Interactions | |
| Ernst Fehr; Armin Falk; Martin Brown | |
| 发表日期 | 2002-03-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and growth. We identify the conditions on technology and national preferences that determine whether national minimum wages are a stimulus or an obstacle to growth. Technology matters because it determines the functional distribution of global income as well as output effects associated with the emergence of national unemployment due to minimum wages. Interestingly, differences in national savings propensities do not only affect the strength of the growth effect associated with minimum wages but may even determine its direction. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Minimum wages Endogenous technical change Unemployment Capital mobility |
| URL | https://cepr.org/publications/dp3272 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532299 |
| 推荐引用方式 GB/T 7714 | Ernst Fehr,Armin Falk,Martin Brown. DP3272 Contractual Incompleteness and the Nature of Market Interactions. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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