Showing 1 - 10 of 13
We analyze the impact of unemployment benefits and minimum wages using an equilibrium search model which allows for dispersion of benefits and productivity levels, job-to-job transitions, and structural and frictional unemployment. The estimation method uses readily available aggregate data on...
Persistent link: https://www.econbiz.de/10005451429
for median weekly earnings growth into the part associated with the wage growth ofpersons employed at the beginning and … end of the period (the wage growth effect) and the part associated withchanges in the composition of earners (the … tight job switchers get high wage increases,making them account for half of the variation in median weekly earnings growth …
Persistent link: https://www.econbiz.de/10011257608
: by offering a generous wage and by giving attention. Contrary to the traditional gift-exchange hypothesis, we show that … than egoistic managers do. In such equilibria, a low wage signals to employees that the manager has something else to offer …
Persistent link: https://www.econbiz.de/10011257203
) search methods. Job offers can be obtained by either method, and the corresponding wage offer distributions are allowed to … result in a higher wage. Moreover, individuals who have an advantage in informal search do not find a job more rapidly, which …
Persistent link: https://www.econbiz.de/10005150569
We investigate the relationship between exporting, importing, and wage premia using a richmatched employer … set of worker- and firm-levelobservable and unobservable characteristics to the wage gap, and (ii) by controlling for … firm size and sales are, todifferent extents, important components of the wage gap both for exporters and importers …
Persistent link: https://www.econbiz.de/10009522216
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 analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition … of a minimum wage affects wages even though, after imposition, the lowest wage in the market exceeds the minimum wage …
Persistent link: https://www.econbiz.de/10005150510
to wage floors. Wage floors exist because of high unemployment benefits or binding minimum wages. The productivity … decompose the total unemployment rate and we examine the effect of changes in the minimum wage. …
Persistent link: https://www.econbiz.de/10005150514
search models of the labor market are able to fit the wage distribution perfectly with longitudinal labor supply data, by …
Persistent link: https://www.econbiz.de/10005150593
Firms hiring fresh graduates face uncertainty on the future productivity of workers. Theory suggests that starting wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education as an indicator of the unobserved heterogeneity that...
Persistent link: https://www.econbiz.de/10011256326
spells in entrepreneurship versus wage employment, thereby accounting for selectivity into entrepreneurial positions based on … control over the profitable employment of their human capital than wage employees. …
Persistent link: https://www.econbiz.de/10011256522