Fiscal Policy and Minimum Wage for Redistribution: An Equivalence Result

In this paper, the authros derive conditions under which a minimum-wage law combined with anonymous taxes and transfers and an agent-specific tax-transfer scheme are equivalent policies.

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Bibliographic Details
Published in:Policy File 2005
Main Authors: Gorostiaga, Arantza, Rubio-Ramirez, Juan Francisco
Format: Report
Language:English
Subjects:
Economic policy
Federal Reserve Bank of Atlanta
Government
Labor force/Employment
Online Access:Request full text
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Description
Summary:In this paper, the authros derive conditions under which a minimum-wage law combined with anonymous taxes and transfers and an agent-specific tax-transfer scheme are equivalent policies.