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Discussion Paper Details

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Title: Searching for the Virtues of the European Model

Author(s): Gilles Saint-Paul

Publication Date: May 1994

Keyword(s): Labour Market Flexibility, Minimum Wage and Unemployment

Programme Area(s): Human Resources and International Macroeconomics

Abstract: The distributional effects of the minimum wage are analysed in a model where skilled and unskilled labour enter the production function. It is argued that distributional goals are best achieved by letting the labour market clear and achieving redistribution through taxes and transfers.

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Bibliographic Reference

Saint-Paul, G. 1994. 'Searching for the Virtues of the European Model'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=950