Merkl C, Snower D, Brown AJG (2014)
Publication Language: English
Publication Status: Published
Publication Type: Journal article
Publication year: 2014
Publisher: Elsevier
Book Volume: 124
Pages Range: 389-391
Journal Issue: 3
DOI: 10.1016/j.econlet.2014.06.020
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment, since their job-offer disincentives are countervailed by their job-acceptance incentives.
APA:
Merkl, C., Snower, D., & Brown, A.J.G. (2014). The minimum wage from a two-sided perspective. Economics letters, 124(3), 389-391. https://dx.doi.org/10.1016/j.econlet.2014.06.020
MLA:
Merkl, Christian, Dennis Snower, and Alessio J. G. Brown. "The minimum wage from a two-sided perspective." Economics letters 124.3 (2014): 389-391.
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