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The Optimal Minimum Wage for Poverty Minimization

By Hideaki Goto

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,

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Citations

  1. (1984). Joel Greer and Erik Thorbecke
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  4. (2005). Turning a Blind Eye: Costly Enforcement, Credible Commitment and Minimum Wage Laws",