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An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10004961441
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The Minimum Wage from a Two-Sided Perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2014
incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …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 …
Persistent link: https://www.econbiz.de/10011103270