Positive and Normative Effects of a Minimum Wage

Rocheteau, Guillaume; Tasci, Murat

doi:10.26509/frbc-wp-200801

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Working Paper

Positive and Normative Effects of a Minimum Wage

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We review the positive and normative effects of a minimum wage in various versions of a search-theoretic model of the labor market.

02.01.2008WP 08-01DOI 10.26509/frbc-wp-200801

Keywords minimum wage, search, unemployment, participation, workinghours, job destruction

JEL Classification Codes J08, J38, J42, E24

Suggested Citation

Rocheteau, Guillaume, and Murat Tasci. 2008. “Positive and Normative Effects of a Minimum Wage.” Federal Reserve Bank of Cleveland, Working Paper No. 08-01. https://doi.org/10.26509/frbc-wp-200801

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Positive and Normative Effects of a Minimum Wage

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