Munich Personal RePEc Archive

Dysfonctionnement de la théorie néoclassique : Le salaire minimum un des exemples

Gharyeni, Abdellatif (2015): Dysfonctionnement de la théorie néoclassique : Le salaire minimum un des exemples.

This is the latest version of this item.

[img]
Preview
PDF
MPRA_paper_101828.pdf

Download (363kB) | Preview

Abstract

The role of the minimum wage as a "standard indicator" of public employment policies has been the subject of much controversy in the economic literature. In recent years, the question has gained renewed interest in terms of the income inequality and the emergence of new employment relationships. Interpretations of its role and its effect on wage and employment levels are not unanimous between the orthodox economy and the heterodox economy. We review the economic issues related to the minimum wage in the literature. Our analyzes indicate a lack of consensus on the overall effects of setting a minimum wage. The orthodox economy generally foresees negative effects. On the other hand, heterodox economics and recent intermediate theories developed in a neoclassical framework fail to support the conclusion that the minimum wage negatively affects wages and employment levels. The majority of the models reviewed provide solid evidence on the positive effects of the minimum wage.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.