01402cas a2200253 a 4500 AALejournalIMF016188 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513527888 1018-5941 BD-DhAAL BD-DhAAL Adam, Christopher. The Minimum Wage Puzzle in Less Developed Countries : Reconciling Theory and Evidence / Christopher Adam, Edward Buffie. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (77 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries. Mode of access: Internet Buffie, Edward. IMF Working Papers; Working Paper ; No. 2020/023 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/023/001.2020.issue-023-en.xml IMF e-Library