| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w0171
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| 来源ID | Working Paper 0171
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| The Effect of Minimum Wage Legislation on Income Equality: A TheoreticalAnalysis |
| J. Huston McCulloch
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| 发表日期 | 1977-03-01
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| 出版年 | 1977
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| 语种 | 英语
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| 摘要 | Minimum wage legislation is frequently advocated in the belief that itcreates a more nearly equal distribution of income. A one-sector model of general equilibrium is used to analyze a universally applicable minimum wage, and a two-sector model is used to analyze a minimum wage that is only applied to certain industries. In both cases we find that a minimum wage may well lower equality (as computed by the Gini index) if we consider reasonable values for the parameters of these two models. In the absence of unemployment compensation, equality can increase only if the elasticity of substitution in production is quite low. In the one-sector case, however, equality necessarily rises if unemployment compensation is present and sufficiently generous. |
| URL | https://www.nber.org/papers/w0171
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557365
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推荐引用方式
GB/T 7714 |
J. Huston McCulloch. The Effect of Minimum Wage Legislation on Income Equality: A TheoreticalAnalysis. 1977.
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文件名：
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w0171.pdf
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格式：
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Adobe PDF
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