科技信息
科技信息
과기신식
SCIENTIFIC & TECHNICAL INFORMATION
2008年
19期
190-190
,共1页
rationing%minimum wage%job allocation
By not allowing wages to dearthe labor market,the minimum wage could cause workers with low reservation wages to be rationed out while equally skilled woTkers with higher reservation wages are employed.I find that proxies for reservation wages of unskilled workers in high-impact stales did not rise relative to reservation wages in other states,suggesting that the increase in the minimum wage did not cause jobs to be allocated less efficiently.However,even if rationing is efficient,the minimum wage can still entail other efficiency costs.
