Fair Wages and Social Welfare

Authors

  • Fritz Helmedag Chemnitz University of Technology

Abstract

Based on considerations concerning justice, average and minimum wages as well as unemployment aid are determined. The derived guidelines refer to net product and reflect `reasonable' proportions between the income categories. Thus, deviations from the suggested principles may be classified as inappropriate.

Author Biography

Fritz Helmedag, Chemnitz University of Technology

Department of Economics Full Professor

Published

2011-02-05