Dual Labor Markets and the Impact of Minimum Wages on Atypical Employment

Flaschel P, Greiner A (2011)
Metroeconomica 62(3): 512-531.

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Zeitschriftenaufsatz | Veröffentlicht | Englisch
Autor
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Abstract / Bemerkung
We present a growth model that contains minimum wages as one important element of a flexicurity economy where we allow for heterogeneous labor and for real wage rigidities. We show that the wage-setting process, in its reference to the reservation wage of the first labor market, is crucial as regards stability of the economy and persistent or explosive oscillations may occur, in particular when the influence of the reservation wage on wage formation in the first labor market becomes too strong. Further, minimum wages can alleviate the negative consequences of economic downturns and help stabilize the economy.
Erscheinungsjahr
Zeitschriftentitel
Metroeconomica
Band
62
Zeitschriftennummer
3
Seite
512-531
ISSN
PUB-ID

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Flaschel P, Greiner A. Dual Labor Markets and the Impact of Minimum Wages on Atypical Employment. Metroeconomica. 2011;62(3):512-531.
Flaschel, P., & Greiner, A. (2011). Dual Labor Markets and the Impact of Minimum Wages on Atypical Employment. Metroeconomica, 62(3), 512-531. doi:10.1111/j.1467-999X.2011.04122.x
Flaschel, P., and Greiner, A. (2011). Dual Labor Markets and the Impact of Minimum Wages on Atypical Employment. Metroeconomica 62, 512-531.
Flaschel, P., & Greiner, A., 2011. Dual Labor Markets and the Impact of Minimum Wages on Atypical Employment. Metroeconomica, 62(3), p 512-531.
P. Flaschel and A. Greiner, “Dual Labor Markets and the Impact of Minimum Wages on Atypical Employment”, Metroeconomica, vol. 62, 2011, pp. 512-531.
Flaschel, P., Greiner, A.: Dual Labor Markets and the Impact of Minimum Wages on Atypical Employment. Metroeconomica. 62, 512-531 (2011).
Flaschel, Peter, and Greiner, Alfred. “Dual Labor Markets and the Impact of Minimum Wages on Atypical Employment”. Metroeconomica 62.3 (2011): 512-531.