Analyzing the effects of minimum wages: a microeconomic approach
用微观经济学方法分析最低工资的影响，发现最低工资可能在不影响就业时改变剩余分配，或在影响就业时破坏高剩余岗位，甚至伤害仍就业的劳动者，而雇主可能受益。
Abstract We use a microeconomic approach to analyze the effects of minimum wages. Agents are allowed to have different productivities at different principals as well as different costs of working. We obtain several new and interesting effects. Minimum wages could influence the generated surplus when leaving employment unaffected, and destroy jobs that generate relatively high levels of surplus when affecting employment. Furthermore, minimum wages could harm agents even if these stay employed, while principals could benefit from them. We provide a complete characterization of the effects and show that these hold independently of the specific bargaining procedure and information structure.