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Working Paper

Positive and Normative Effects of a Minimum Wage

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

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