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The long-run consequences of minimum wage regulation in a monetary economy

✍ Scribed by John Z. Drabicki; Akira Takayama

Book ID
113247236
Publisher
Elsevier Science
Year
1982
Tongue
English
Weight
831 KB
Volume
4
Category
Article
ISSN
0164-0704

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✍ Hung-Ju Chen πŸ“‚ Article πŸ“… 2011 πŸ› Elsevier Science 🌐 English βš– 280 KB

We develop a two-sector monetary economy with human capital accumulation and a cash constraint applied to both consumption and investment to examine the ways in which social status affects the impact of monetary policy on the long-run economic growth rate. Our findings suggest that the formation of