
02301499
j
1994a.00247
Robin, T.
Lord, N.
Minimum wage policy.
Math. Gaz. 76, No. 477, 362365 (1992).
1992
Cambridge University Press, Cambridge; Mathematical Association (MA), Leicester
EN
K60
doi:10.2307/3618374
A recent political argument centred on the effect of a wage policy where the minimum wage is set as a certain percentage of the mean wage. This leads to an infinite spiral which is shown to converge, provided the percentage is below 100\%{}. The effect of such a policy on several distributions is explored.