Discussion paper

DP925 Macroeconomic Stabilization and Intervention Policy Under an Exchange Rate Band

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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Citation

Van Der Ploeg, F and R Beetsma (1994), ‘DP925 Macroeconomic Stabilization and Intervention Policy Under an Exchange Rate Band‘, CEPR Discussion Paper No. 925. CEPR Press, Paris & London. https://cepr.org/publications/dp925