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The Minimum Wage from a Two-Sided Perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - CESifo - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010877633
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Strategic Wage Setting and Coordination Frictions with Multiple Applications
Gautier, Pieter A.; Moraga-González, José Luis - CESifo - 2004
where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers … apply for two or for more (but not for all) jobs always exhibits wage dispersion and, typically, unemployment; (iii) the … equilibrium wage distribution with a higher vacancy-to-unemployment ratio first-order stochastically dominates the wage …
Persistent link: https://www.econbiz.de/10005094458
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Is a Minimum Wage an Appropriate Instrument for Redistribution?
Gerritsen, Aart; Jacobs, Bas - CESifo - 2014
minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …
Persistent link: https://www.econbiz.de/10010736741
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Minimum Wages, Capital Accumulation and Worker's Incomes
Economides, George; Moutos, Thomas - CESifo - 2014
Using an intertemporal model of saving and capital accumulation we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to scale, or if there are no differences in ability...
Persistent link: https://www.econbiz.de/10010779410
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Minimum Wages as a Redistributive Device in the Long Run
Economides, George; Moutos, Thomas - CESifo - 2014
This paper analyzes long run outcomes resulting from adopting a binding minimum wage in a neoclassical model with perfectly competitive labour markets and capital accumulation. The model distinguishes between workers of heterogeneous ability and capitalists who do all the saving, and it entails...
Persistent link: https://www.econbiz.de/10010960638
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Unemployment and Gang Crime: Could Prosperity Backfire?
Poutvaara, Panu; Priks, Mikael - CESifo - 2007
Empirical evidence reveals that unemployment tends to increase property crime but that it has no effect on violent …. Unemployment increases the relative attractiveness of large and less violent gangs engaging more in property crime. … crime. To explain these facts, we examine a model of criminal gangs and suggest that there is a substitution effect between …
Persistent link: https://www.econbiz.de/10005765848
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Punitive Police? Agency Costs, Law Enforcement, and Criminal Procedure
Dharmapala, Dhammika; Garoupa, Nuno; McAdams, Richard H. - CESifo - 2015
Criminal law enforcement depends on the actions of public agents such as police officers, but the resulting agency problems have been neglected in the law and economics literature (especially outside the specific context of corruption). We develop an agency model of police behavior that...
Persistent link: https://www.econbiz.de/10011265252
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Deterrence through Word of Mouth
Rincke, Johannes; Traxler, Christian - CESifo - 2009
The deterrent effect of law enforcement rests on the link between the actual and the perceived detection risk. We study the role of word of mouth for this linkage. Our approach makes use of micro data on compliance with TV license fees allowing us to distinguish between households who have been...
Persistent link: https://www.econbiz.de/10005094256
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Testing Enforcement Strategies in the Field: Legal Threat, Moral Appeal and Social Information
Fellner, Gerlinde; Sausgruber, Rupert; Traxler, Christian - CESifo - 2009
where evasion is believed to be common. Overall, the economic model of crime performs remarkably well in explaining our data. …
Persistent link: https://www.econbiz.de/10008583665
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Deserving Poor and the Desirability of Minimum Wage Rules
Blumkin, Tomer; Danziger, Leif - CESifo - 2014
In this paper we provide a novel justification for the use of minimum wage rules to supplement the optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage rule can be...
Persistent link: https://www.econbiz.de/10010877848