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Minimum wages and the incentives for skill formation
Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Economics.
1997 (English)In: JOURNAL OF PUBLIC ECONOMICS, ISSN 0047-2727, Vol. 64, no 1, 25-40 p.Article in journal (Refereed) Published
Abstract [en]

We show that minimum wages may have beneficial effects on human capital allocation in a situation when the marginal product of skilled labor is shared between firm and worker according to bargaining strength. Firms prefer more productive workers to less p

Place, publisher, year, edition, pages
ELSEVIER SCIENCE SA LAUSANNE , 1997. Vol. 64, no 1, 25-40 p.
Keyword [en]
minimum wage; wage differentials; education; labor market exclusion
URN: urn:nbn:se:uu:diva-42870OAI: oai:DiVA.org:uu-42870DiVA: diva2:70773
Agell J, UNIV UPPSALA, DEPT ECON, BOX 513, S-75120 UPPSALA, SWEDEN. UNIV BERGEN, DEPT ECON, N-5007 BERGEN, NORWAY.Available from: 2008-10-17 Created: 2008-10-17 Last updated: 2011-01-15

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