Hello, I would like to ask if there is any model or theory that indicates the impact of the minimum wage on other wages. I've searched in the direction of dual labor markets but could not find any literature that clearly indicates.
In mathematical terms, the impact of the minimum wage on other wages.
I'm not looking for empirical article, but rather a theoretical framework. Thank you.
Hi. maybe you cant find a clue by exploring the dual sector model (Arthur Lewis, 1955) that explained about impact in rural and urban labor market. You may also find a clue with this article about impact of minimum wage Article The impact of minimum wages on informal and formal labor mar...
Febrian Yalisman Thank you for providing the content, it has been immensely helpful to me.
Hi,
Maybe this paper by Boeri, Garibaldi and Ribeiro will be useful for you: Article The Lighthouse Effect And Beyond
It is about how wages in the informal sector increase after a minimum wage hike.
Good luck,
Miguel
Miguel Ángel Malo
This has been very helpful to me. Thank you for providing me with guidance.
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