文章基本信息

标题：Wage Rigidity or Fiscal Redistribution: The credibility Issue
本地全文：下载
作者：Manon Domingues dos santos ; Etienne Lehmann
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2012
卷号：32
期号：4
页码：2801-2807
出版社：Economics Bulletin
摘要：We show that lack of commitment in the policymaking process may explain the prevalence of the minimum wage to redistribute income, despite its negative impact on unemployment. In the absence of commitment, firms anticipate the government's willingness to use a minimum wage policy to reduce the tax collecting costs implied by fiscal transfers. This expectation leads to a reduction in the labor demand that generates unemployment.
关键词：Unemployment; Inequality; Wage Rigidity; Credibility; Time Inconsistency