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The Minimum Wage and Labor Market Outcomes$
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Christopher J. Flinn

Print publication date: 2011

Print ISBN-13: 9780262013239

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262013239.001.0001

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A Model of Minimum Wage Effects on Labor Market Careers

A Model of Minimum Wage Effects on Labor Market Careers

Chapter:
(p.35) 3 A Model of Minimum Wage Effects on Labor Market Careers
Source:
The Minimum Wage and Labor Market Outcomes
Author(s):

Christopher J. Flinn

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262013239.003.0003

This chapter develops a model of minimum wage effects on labor market careers. It discusses the characterization of the labor market career; the stationary labor market environment; the decision-theoretic model; bargaining with a minimum wage constraint; the labor market participation decision; and the endogeneity of the rate of contacts.

Keywords:   minimum wage, labor market, decision-theoretic model, bargaining

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