Minimum wage, business dynamism, and the life cycle of firms

This paper studies the effects of the minimum wage on the life cycle of firms. We first build a tractable model where heterogeneous firms have labor market power, invest in innovation, and choose formal or informal sectors. The model predicts that a minimum wage hike not only shrinks young and low-p...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Luduvice, André Victor Doherty
Format:	Text Resource
Sprache:	eng
Schlagworte:	Business Dynamism Economy Firm Heterogeneity Informal Economy Informality Labor Labor Force Labor Market Minimum Wage Monopsony Productivity Small Business Wage
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