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Discussion Paper Details

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Title: The Role Of The Minimum Wage In The Welfare State: An Appraisal

Author(s): Juan J. Dolado, Florentino Felgueroso and Juan F Jimeno

Publication Date: May 2000

Keyword(s): Employment, Inequality and Minimum Wages

Programme Area(s): Labour Economics

Abstract: In order to offer a balanced assessment of the role of minimum wages in the Welfare State, seven basic questions need to be answered: (i) Why is the minimum wage a useful redistributive tool?; (ii) How binding are minimum wage floors in different countries?; (iii) To what extent do minimum wages have the adverse consequences that standard analysis predict?; (iv) Are there strong theoretical grounds underlying the revisionist results?; (v) Who supports minimum wages?; (vi) Under which conditions is the minimum wage a better tool than other policy instruments to achieve income redistribution?; and, finally, (vii) What is the overall cross-country time-series evidence regarding the employment effect of the minima? The aim in this paper is to provide an appraisal on the available evidence for each of the above-mentioned issues.

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Bibliographic Reference

Dolado, J, Felgueroso, F and Jimeno, J. 2000. 'The Role Of The Minimum Wage In The Welfare State: An Appraisal'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=2452