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It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625
productivity. The matched data provide the skill composition in different markets. Together this allows us to investigate how the … mean difference between labour productivity and wages in a market depends on the degree of frictions and other determinants … of (and explanations for) positive assortative matching. …
Persistent link: https://www.econbiz.de/10005281375
We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility, in a world where wages depend on firm-worker matches, as well as experience and tenure and jobs take time to locate. We estimate this model on a large administrative panel data...
Persistent link: https://www.econbiz.de/10005124058
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10005504450
The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...
Persistent link: https://www.econbiz.de/10005791663
This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible … increase in the productivity and/or the supply of skilled relative to unskilled workers. These effects are stronger when hiring …
Persistent link: https://www.econbiz.de/10005666594
productivity and efficiency via its impact on sorting and matching in the labor market. Some of the most recent contributions also …
Persistent link: https://www.econbiz.de/10011083458
diminishing returns to the number of workers. We examine the sorting of factors to sectors and the matching of factors within …
Persistent link: https://www.econbiz.de/10011084509
We study frictionless matching models in large production economies with and without market imperfections and …/or incentive problems. We provide necessary and sufficient distribution-free conditions for monotone matching which depend on the … set for a pair of types. Imperfections have two distinct effects that are relevant for equilibrium matching patterns: they …
Persistent link: https://www.econbiz.de/10005123563
This Paper examines the interactions between household matching, inequality, and per capita income. We develop a model …
Persistent link: https://www.econbiz.de/10005123829