The optimal minimum wage for poverty minimization

Hideaki Goto*

*この研究の対応する著者

研究成果: Article査読

抄録

This paper characterizes the poverty minimizing minimum wage, and shows how it varies as productivity, inequality and market competitiveness change. We show that the optimal minimum wage is equal to the competitive wage only in special cases. In general, the former is higher than the latter. Thus, poverty minimization does not coincide with employment maximization. We also show that the optimal minimum wage always rises with productivity and, under certain conditions, falls with competitiveness and inequality. Furthermore, the higher the competitiveness and inequality, the more the optimal wage rises with productivity.

本文言語English
ページ(範囲)192-208
ページ数17
ジャーナルBulletin of Economic Research
64
2
DOI
出版ステータスPublished - 2012 4月

ASJC Scopus subject areas

  • 経済学、計量経済学

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