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In an efficiency wage economy with variable profits, a shift from payroll to employment taxes will reduce unemployment if the tax level is held constant at the initial wage. However, unem-ployment will rise if firms are constrained to zero profits in the long-run and if tax revenues are...
Persistent link: https://www.econbiz.de/10005566478
. We propose to use Cook's Distance in order to identify influential outliers having substantial influence on first …
Persistent link: https://www.econbiz.de/10005030897
the sample. These extreme observations, or outliers, often have a large impact on the results of statistical analyses … this, the detection of outliers and their appropriate treatment is often dealt with in a rather sloppy manner. One reason … the presence of outliers. Our paper intents to improve on this situation by presenting a highly robust method for …
Persistent link: https://www.econbiz.de/10008506086
outliers and influential observations. A variety of diagnostic methods are employed to identify these influential observations … methods utilised proved incapable of identifying or accommodating the gross outlier(s) in the data, the more successful …
Persistent link: https://www.econbiz.de/10005703088
to substantial differences in labor-market equilibrium between bargained and posted wages. The fraction of workers hired … away from existing jobs is another key determinant of equilibrium, because a worker with an existing job has a better …
Persistent link: https://www.econbiz.de/10005233804
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 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/10005703158
sufficient market equilibrium exists and a model of compensating differentials with controls for disequilibrium yields useful …
Persistent link: https://www.econbiz.de/10005763711