NE&EP webinar: Monday 17th, Aart Gerritsen on Redistribution and Predistribution

[may...@gmail.com]

Dear all,

 

Our next webinar will be on Monday, November 17th, at 11am EST\ 5pm Paris, with Aart Gerritsen (Erasmus University Rotterdam) presenting:

 

To redistribute or to predistribute? The minimum wage versus income taxation when workers differ in both wages and working hours

Abstract: I consider the minimum wage alongside income taxes when a given level of income may correspond to multiple wage rates. The minimum wage is then better targeted at lowest-wage workers than the income tax. This may generate a case for the minimum wage if government values redistribution from high- to low-wage workers. I derive a desirability condition for the minimum wage in terms of empirical sufficient statistics. A numerical application to the US suggests a strong case for a higher federal minimum wage, especially if social preferences for lowest-wage workers are strong and the wage elasticity of labor demand small.

You can join the webinar with the following link: https://uio.zoom.us/j/64422249900

 

We are looking forward to seeing you there!

 

All the best,

 

Maya Eden and Paolo Piacquadio