Resource title

Asymmetric information renders minimum wages less harmful

Resource image

image for OpenScout resource :: Asymmetric information renders minimum wages less harmful

Resource description

We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information.

Resource author

Ronnie Schöb, Marcel Thum

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26668

Resource license

Adapt according to the presented license agreement and reference the original author.