Heterogeneous entrepreneurs from occupational choices in economies with minimum wages
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- 作者：Luis Medrano-Adán ; Vicente Salas-Fumás ; J. Javier Sanchez-Asin
- 关键词：Occupational choices ; Heterogeneous entrepreneurs ; Minimum wages ; Productivity ; D24 ; J24 ; K31 ; L26
- 刊名：Small Business Economics
- 出版年：2015
- 出版时间：March 2015
- 年：2015
- 卷：44
- 期：3
- 页码：597-619
- 全文大小：546 KB
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19. Carree, M., van Stel, A., Thurik, R., & Wennekers, S. (2007). The relationship between economic development and business ownership revisited. / Entrepreneurship and Regional Development, / 19(3), 281-91.- 作者单位：Luis Medrano-Adán (1)
Vicente Salas-Fumás (2)
J. Javier Sanchez-Asin (2)
1. Academia General Militar, CUD (Zaragoza), Ctra. Huesca s/n, 50090, Saragossa, Spain
2. Faculty of Economics, University of Zaragoza, C. Gran Vía no 4, 50005, Saragossa, Spain- 刊物类别：Business and Economics
- 刊物主题：Economics
Management
Microeconomics
Entrepreneurship
Industrial Organization- 出版者：Springer Netherlands
- ISSN：1573-0913
- 作者单位：Luis Medrano-Adán (1)
文摘
This paper examines how the distribution of skills, organizational diseconomies of size, and the introduction of a minimum wage affect the total output of the economy and the relative size and average per capita income of employees, solo self-employed, and employers, in a market equilibrium from occupational choices of individuals with different skills. The model explains the heterogeneity observed among occupational groups beyond employers and employees, and predicts differences in the sing of the association between entrepreneurs-rates and economic development depending on the entrepreneurs-type. The introduction of a minimum wage leads to involuntary solo self-employed, more skilled voluntary solo self-employed, and fewer employers. A minimum wage lowers total output and has income redistribution effects: income per capita decreases in the individuals in the two extremes of the skills-distribution and increases in the middle class.