Economics, Econometrics and Finance
6 years ago

Lowering capital taxes while raising minimum wage boosts economy in Hong Kong

Review of Development Economics
Minimum Wage and Capital Taxes
C. Chao, Eden S. H. Yu

Paper Summary

This paper looks at how minimum wages and capital taxes affect jobs and well-being in a small open economy. It suggests that in some cases, it makes sense to introduce a minimum wage while lowering capital taxes, like in Hong Kong.

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