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Wage traps

abstract The project explores the conditions under which wage traps, a specific form of labour market failure that appears feasible near subsistence-level labour incomes, may occur and to what extent wage traps may contribute to insufficient development dynamics in poor countries and to a widening of the income distribution in developed economies. In a first step, a partial analysis of wage-trapped labour markets is attempted. In a second step, wage-trapped labour markets will be integrated into conventional and endogenous growth models, and the potential for this type of labour market failure to explain poverty traps will be explored.
   
keywords subsistence income, wage trap, poverty, labour supply, economic development, growth, child labor, minimum wages, income patterns, economic growth
   
partner
type fundamental research project
status ongoing
start of project 2007
end of project 2010
additional informations
topics subsistence income, wage trap, poverty, labour supply, economic development, growth, child labor, minimum wages, income patterns, economic growth
methods Mathematical models
contact Manfred Gärtner