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Other Papers on :Labour Market and Unemployment

P/E/344. Effects of national minimum wage on labour market: theory and UK case study

(2005, 2000 words)

The paper examines the effects of a national minimum wage (NMW) on labour markets illustrating the cases when NMW is set below (Neoclassical labour market model) and above the equilibrium position (market-clearing rate). Keyness notion of involuntary unemployment is discussed. The effects of NMW on the British economy since 1999 are examined.
 
   
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