The Minimum Wage Puzzle in Less Developed Countries: Reconciling Theory and Evidence
Auteur : Mr.Christopher S Adam, Mr.Edward F Buffie
Date de publication : 2020-01-31
Éditeur : International Monetary Fund
Nombre de pages : 77
Résumé du livre
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.