Who Benefits from a Minimum Wage Increase?

Stagnation and minimum wage: Optimal minimum wage policy in macroeconomics

This paper argues how an increase in minimum wage affects employment, consumption, and social welfare with dynamic general equilibrium model without market frictions. The study demonstrates that a minimum wage hike reduces an actual unemployment rate and has positive effects on an employment rate under the demand-shortage economy whereas they do not under a non-demand shortage economy. The stud...

Who Benefits from Religion?

Many studies have documented the benefits of religious involvement. Indeed, highly religious people tend to be healthier, live longer, and have higher levels of subjective well-being. While religious involvement offers clear benefits to many, in this paper we explore whether it may also be detrimental to some. Specifically, we examine in detail the relation between religious involvement and sub...

Who Benefits from Agglomeration?

Who Benefits from Biotechnology?

All this means that I view the world both from an economic perspective and from the perspective of working with agriculture and farmers. I am an educator who tries to present information in as factual a way as possible and give people the tools and means to form their own opinions. I start from the basic supposition that economics is the study of allocating scarce resources and not simply the s...

Who benefits from virtuality?

For educational software to take advantage of contemporary views of learning, instructional designers need to employ design models that incorporate the variety of ideas that are based on constructivist frameworks for developing learning environments. These environments, if well designed, can support learner construction of knowledge, however such frameworks are based upon arguments that learner...