English, Article, Journal or magazine article edition: Capital Tax and Minimum Wage: Implications for the Dispersion of Wages Alok Kumar

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Bookmark: http://trove.nla.gov.au/version/30287
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Capital Tax and Minimum Wage: Implications for the Dispersion of Wages
Author
  • Alok Kumar
Physical Description
  • preprint
Notes
  • This paper analyzes the general equilibrium effects of capital tax when there is a mandated minimum wage. The analysis is conducted in an inter-temporal search model in which firms post wages as in Burdett and Mortensen (1998). A(binding) minimum wage provides alower support for the distribution of wages. A decrease in capital tax leads to an increase in wage dispersion. In contrast, when the minimum wage is not binding, a lower capital tax reduces the dispersion in wages. A binding minimum wage also magnifies the positive effects of a lower capital tax on labor supply, employment, and output. The analysis suggests that a policy change which involves an increase in minimum wage and a fall in capital tax such that unemployment rate remains constant reduces dispersion of wages
  • Labor market search, capital tax, minimum wage, labor supply, wage dispersion, wage posting, general equilibrium
  • RePEc:red:sed006:345
Language
  • English
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