David S. Lee

Optimal Minimum Wage Policy in Competitive Labor Markets

January 1, 2010 • Working Papers • By David S. Lee and Emmanuel Saez

Abstract This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market and obtains two key results. First, we show that a binding minimum…

Long-Run Impacts of Unions on Firms: New Evidence from Financial Markets, 1961-1999

January 1, 2009 • Working Papers • By David S. Lee and Alexandre Mas