Description: Minimum Wages and Employment : Static and Dynamic Non-Market Cleaning Equilibrium Models, Hardcover by Ragacs, Christian, ISBN 1403934983, ISBN-13 9781403934987, Brand New, Free shipping in the US Ragacs (Vienna U. of Economics and Business Administration) finds that the assumption that minimum wages always lead to unemployment should be treated with caution, and that the specific economic situation of the relevant market sector should be analyzed first. He believes that how these market segments function and fail deeply influence both employment and wages, whether minimum or not, and that this analysis is time-specific. To prove his point he works through the theory and methodology behind determining minimum wages, and the problems with "general equilibrium." He then explains the statistics behind partial equilibrium and human capital, and the dependency of minimum wages and unemployment on economic growth. He includes his mathematical analyses in appendices. Annotation ©2004 Book News, Inc., Portland, OR ()
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Book Title: Minimum Wages and Employment : Static and Dynamic Non-Market Clea
Number of Pages: Xii, 191 Pages
Language: English
Publication Name: Minimum Wages and Employment : Static and Dynamic Non-Market Cleaning Equilibrium Models
Publisher: Palgrave Macmillan The Limited
Publication Year: 2004
Subject: Economics / Macroeconomics, Labor, Econometrics, Money & Monetary Policy
Item Height: 0.5 in
Type: Textbook
Item Weight: 13.6 Oz
Item Length: 8.5 in
Subject Area: Business & Economics
Author: Christian Ragacs
Item Width: 5.5 in
Format: Hardcover
