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The Optimal Minimum Wage for Poverty Minimization
Abstract
The effects of a minimum wage on employment and on poverty have been studied in the literature. This paper characterizes the poverty minimizing minimum wage, and shows how it depends on productivity, inequality and the degree of labor market competitiveness.inequality, labor productivity, market competitiveness, minimum wage, poverty, Food Security and Poverty, International Development, Political Economy, D6, I32, J38, J64,Similar works
This paper was published in Research Papers in Economics.
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