Minimum Wage and Capital Taxes

作者: Chi-Chur Chao , Eden Siu Hung Yu

DOI: 10.1111/RODE.12078

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摘要: Using a general equilibrium model, this paper examines the employment and welfare effects of minimum wages coupled with capital taxes in small open economy. The individual joint optimal policies for wage are derived explained. Specifically, policy reform to introduce while lowering tax can be justified some economies, notably, Hong Kong.

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