Discussion paper

DP950 Searching for the Virtues of the European Model

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

Saint-Paul, G (1994), ‘DP950 Searching for the Virtues of the European Model‘, CEPR Discussion Paper No. 950. CEPR Press, Paris & London. https://cepr.org/publications/dp950