Considerable concern has recently been expressed worldwide about growing income
inequality. Much of the discussion, though, has been in general terms and focused on the …

Minimum wages exist in more than one hundred countries, both industrialized and
developing. The United States passed a federal minimum wage law in 1938 and has …

The achievement of social welfare as the ultimate goal of development requires the creation
of basic conditions, namely: 1) sustainable economic growth; 2) the creation of a strong …

Through four previous editions The Economics of European Integration by Willem Molle has
established itself as a preferred textbook for students of the economics of the EU as well as a …

Policymakers frequently use price regulations as a response to inequality in the markets
they control. In this paper, we examine the optimal structure of such policies from the …

This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly
competitive labor market and obtains two key results. First, we show that a binding minimum …

The reduction of income inequality is important for poverty alleviation. We manually collect
the data of the local minimum wage standard of the 254 prefectural cities of 31 provinces in …

We build a theoretical model to study whether a minimum wage can be welfare-improving if
it is implemented in conjunction with an optimized nonlinear income tax. We consider this …

Does monopsony on the labor market in itself justify the implementation of a minimum wage
when it would not be used in a competitive economy? This issue is studied in a model of …

Few economic policies have sparked academic debates as long-lasting and as passionate
as those on minimum wages. Since 1915, several generations of empirical economists have …