Construct · 1 fields · 1 citations

lighthouse effect: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

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Labor economics

the influence of a statutory minimum wage on pay in the informal sector, where it acts as a reference point even without enforcement.

In labor economics, lighthouse effect refers to the influence of a statutory minimum wage on pay in the informal sector, where it acts as a reference point even without enforcement. This meaning comes from Boeri (2011) in Review of Income and Wealth.[1]

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Nearby constructs

influence5 fields · 5 citationsjingle · one word, five constructs informal economy1 fields · 1 citationsanchor · a standalone construct labor4 fields · 4 citationsjingle · one word, four constructs

References

Boeri, T., Garibaldi, P., & Ribeiro, M. (2011). The Lighthouse Effect and Beyond. Review of Income and Wealth, 57(s1). https://doi.org/10.1111/j.1475-4991.2011.00455.x

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