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Searching for the Virtues of the European Model
Author:
Gilles Saint-Paul null

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Series:
IMF Working Papers
Volume/Issue:
Volume 1994: Issue 046
Language:
English
Publication Date:
01 Apr 1994
DOI:
https://doi.org/10.5089/9781451973853.001
ISBN:
9781451973853
ISSN:
1018-5941
Pages:
24
Keywords:
WP; labor market; unemployment rate; full employment; post tax; minimum wage system; unemployment benefit regime; unemployment duration; unskilled worker; replacement ratio; minimum wage regulation; unemployment benefit system; Minimum wages; Income inequality; Labor markets; Unemployment; Income; Europe
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The distributional effects of the minimum wage are analyzed in a model where skilled and unskilled labor enter the production function. It is argued that distributional goals are best achieved by letting the labor market clear and achieving redistribution through taxes and transfers.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund