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dc.date.accessioned2021-03-18T13:54:53Z
dc.date.available2021-03-18T13:54:53Z
dc.date.issued2021-03
dc.identifierdoi:10.17170/kobra-202102053128
dc.identifier.urihttp://hdl.handle.net/123456789/12651
dc.language.isoengeng
dc.publisherkassel university press
dc.rightsNamensnennung - Weitergabe unter gleichen Bedingungen 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-sa/4.0/*
dc.subjectincome distributioneng
dc.subjectlabour marketeng
dc.subjectKeynesian paradigmeng
dc.subjectminimum wageseng
dc.subjectmonopsonyeng
dc.subjectwage dispersioneng
dc.subject.ddc310
dc.subject.ddc330
dc.titleThe rational of minimum wageseng
dc.typeWorking paper
dcterms.abstractLeaving labour markets to the market mechanism with flexible wages is the worst thing that can happen as the result would be a permanent destabilisation of the price level and an explosion of inequality—both of which adds to the instabilities of capitalism. Guarantee of minimum wages can play an important role to contain the destabilising potential of labour markets. They can add to the stability of price level development and help establish a type of wage dispersion preferred by society. Minimum wages do not lead to unemployment. Countries with very high wage dispersion can have high unemployment while those with low wage dispersion might ensure full employment. Looking at the distribution effect, minimum wage increases (which compress the wage structure from below) not only lead to redistribution within wage earners, but also can increase wage shares. Minimum wage policy should play an important and active role in macroeconomic management of an economy which in turn is linked with macroeconomic demand management so that the employment rate is maintained high.eng
dcterms.accessRightsopen access
dcterms.creatorHerr, Hansjörg
dcterms.extent29 Seiten
dcterms.isPartOfICDD Working Papers ;; No. 35ger
dc.contributor.corporatenameBerlin School of Economics and Law, Germanyeng
dc.publisher.placeKassel
dc.relation.isbn978-3-7376-0929-6
dc.subject.swdEinkommensverteilungger
dc.subject.swdArbeitsmarktger
dc.subject.swdKeynessche Theorieger
dc.subject.swdParadigma <Wissenschaftstheorie>ger
dc.subject.swdMindestlohnger
dc.subject.swdMonopsonger
dc.type.versionpublishedVersion
kup.iskuptrue
kup.seriesICDD Working Papers
kup.subjectSozialwissenschaft
kup.typMonographie
kup.institutionFB 05 / Gesellschaftswissenschaften
kup.bindingSoftcover
kup.sizeDIN A4


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Namensnennung - Weitergabe unter gleichen Bedingungen 4.0 International
Except where otherwise noted, this item's license is described as Namensnennung - Weitergabe unter gleichen Bedingungen 4.0 International