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The Minimum Wage Puzzle in Less Developed Countries
Reconciling Theory and Evidence

by Christopher S. Adam and Edward F. Buffie

Series:Working Paper No. 20/23
ISBN 9781513527888
Code: #WPIEA2020023

Publication year: 2020

Cdn: $27.00; US: $25.00
Paperback
Language: English
74 pages
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We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries.
The Minimum Wage Puzzle in Less Developed Countries
Cdn: $27.00; US: $25.00
International Monetary Fund (IMF) BookID: 126959 Added: 2020.2.9