Heterogeneity and the Public Sector Wage Policy

A model with search and matching frictions and heterogeneous workers was established to evaluate a reform of the public sector wage policy in steady-state. The model was calibrated to the UK economy based on Labour Force Survey data. A review of the pay received by all public sector workers to align the distribution of wages with the private sector reduces steady-state unemployment by 1.4 percentage points

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Year of publication:	2017
Authors:	Gomes, Pedro
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Vergütungssystem im öffentlichen Dienst \| Public sector pay \| Lohnpolitik \| Wage policy \| Theorie \| Theory \| OECD-Staaten \| OECD countries \| Öffentlicher Sektor \| Public sector

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Extent:	1 Online-Ressource (38 p)
Series:	IZA Discussion Paper ; No. 11091
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.3056629 [DOI]
Classification:	E24 - Employment; Unemployment; Wages ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; J45 - Public Sector Labor Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012945219