文章基本信息

标题：Minimum Wage, Public Investment, Economic Growth
本地全文：下载
作者：Minoru Watanabe
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2013
卷号：03
期号：05
页码：288-291
DOI：10.4236/tel.2013.35048
语种：English
出版社：Scientific Research Publishing
摘要：This paper considers the relationship between economic growth and minimum wage. Minimum wage helps reduce poverty and maintain a minimum standard of living. However, it is also claimed that minimum wage has a negative effect on employment and GDP. This paper develops a simple two-period overlapping generation model with three economic policies, minimum wage, unemployment benefit, and public investment that improves labor productivity. The government imposes tax on firms to finance public capital and unemployment benefit under a balanced budget. We show that economic growth is promoted with an increase in minimum wage and the ratio of public investment to tax revenue.
关键词：Minimum Wage; Public Investment; Economic Growth