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政大典藏 > College of Social Science > Department of Public Finance > Periodical Articles > Item 140.119/71123

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/71123

Title:	A comment on labor markets, unemployment, and minimum wages: A new view
Authors:	Lin, Chung-cheng
Contributors:	財政系
Keywords:	Studies;Labor market;Unemployment;Economic theory;Economic models
Date:	2001
Issue Date:	2014-11-04 18:11:12 (UTC+8)
Abstract:	In a job-hour model, Palley (1995) focuses on the case where workers and hours are two separate production inputs and finds that the labor market may be in a state of involuntary unemployment. This paper extends Palley`s analysis to the case where workers and hours can be treated as a single factor and finds that the labor market equilibrium will be characterized by full employment. It then extends that model to take into account an additional instrument-fringe benefits. In the extended job-hour model containing two instruments (wage and unemployment benefits) and two targets (employment and hours), it is shown that the labor market may still result in a state of involuntary unemployment if workers and hours are separate inputs.
Relation:	Eastern Economic Journal, 27(1), 71-82
Data Type:	article
Appears in Collections:	[Department of Public Finance] Periodical Articles

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