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The Minimum Wage and Labor Market Outcomes
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One of the more intriguing undercurrents in research on minimum wages over the last two decades has been the reevaluation of the predicted effects of minimum wages in labor market models characterized by search frictions, rather than the standard competitive model. Flinn does an outstanding job both synthesizing this technically difficult literature and showing how the search framework can be used to evaluate not only the employment effects of minimum wages but also their welfare implications. An invaluable contribution to the research literature on minimum wages and on job search models more generally. -- David Neumark, Professor of Economics, University of California, Irvine This book provides an impressive analysis of a wide range of consequences of the minimum wage in a dynamic framework accounting for labor market frictions. Essential for all those who want to understand the impact of the minimum wage. -- Pierre Cahuc, Professor of Economics, Ecole Polytechnique, coauthor of Labor Economics

About the Author

Christopher Flinn is Professor of Economics at New York University and Senior Research Fellow at Collegio Carlo Alberto in Moncalieri, Italy.

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"One of the more intriguing undercurrents in research on minimum wages over the last two decades has been the reevaluation of the predicted effects of minimum wages in labor market models characterized by search frictions, rather than the standard competitive model. Flinn does an outstanding job both synthesizing this technically difficult literature and showing how the search framework can be used to evaluate not only the employment effects of minimum wages but also their welfare implications. An invaluable contribution to the research literature on minimum wages and on job search models more generally." David Neumark, Professor of Economics, University of California, Irvine "This book provides an impressive analysis of a wide range of consequences of the minimum wage in a dynamic framework accounting for labor market frictions. Essential for all those who want to understand the impact of the minimum wage." Pierre Cahuc, Professor of Economics, Ecole Polytechnique, coauthor of Labor Economics

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