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Published in 2018 at "International Journal of Economic Theory"
DOI: 10.1111/ijet.12168
Abstract: We add a minimum wage and hence involuntary unemployment to a conventional two-sector model of a perfectly competitive economy with optimal saving and endogenous growth. Our resulting model highlights the possible case of a backward-bending…
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Keywords:
case backward;
backward bending;
minimum wage;
bending demand ... See more keywords