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Ryan H Murphy |
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''Minimum wages and appropriation of quasi-rents'' |
( 2016, Vol. 36 No.4 ) |
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This note argues that the appropriation of the quasi-rents from firms to labor is a more persuasive interpretation of the effects of minimum wages than is generally recognized. |
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Keywords: Minimum Wages, Quasi-Rents, Unemployment, Labor Markets |
JEL: J3 - Wages, Compensation, and Labor Costs: General D2 - Production and Organizations: General |
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Manuscript Received : Sep 23 2016 | | Manuscript Accepted : Nov 29 2016 |
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