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Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies
den Berg, Gerard J. van - Institute for the Study of Labor (IZA) - 2003
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
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Canonical Correlation and Assortative Matching: A Remark
Dupuy, Arnaud; Galichon, Alfred - Institute for the Study of Labor (IZA) - 2012
In the context of the Beckerian theory of marriage, when men and women match on a single-dimensional index that is the weighted sum of their respective multivariate attributes, many papers in the literature have used linear canonical correlation, and related techniques, in order to estimate...
Persistent link: https://www.econbiz.de/10011128040
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The Effect of Search Frictions on Wages
den Berg, Gerard J. van; van Vuuren, Aico - Institute for the Study of Labor (IZA) - 2003
transitions, and this allows for estimation of the degree of search frictions. The firm data are informative on labor productivity … difference between labor productivity and wages in a market depends on the degree of frictions and other determinants. We correct … explanations for) positive assortative matching. …
Persistent link: https://www.econbiz.de/10005703143
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Job Creation and Job Destruction over the Life Cycle: The Older Workers in the Spotlight
Hairault, Jean-Olivier; Chéron, Arnaud; Langot, François - Institute for the Study of Labor (IZA) - 2007
This paper extends the job creation - job destruction approach to the labor market to take into account the life-cycle of workers. Forward looking decisions about hiring and firing depend on the time over which to recoup adjustment costs. The equilibrium is typically featured by increasing...
Persistent link: https://www.econbiz.de/10005822261
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Scale Effects in Markets with Search
Petrongolo, Barbara; Pissarides, Christoper A. - Institute for the Study of Labor (IZA) - 2003
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10005761782
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Equilibrium Directed Search with Multiple Applications
Albrecht, James; Gautier, Pieter; Vroman, Susan - Institute for the Study of Labor (IZA) - 2003
We analyze a model of directed search in which unemployed job seekers observe all posted wages. We allow for the possibility of multiple applications by workers and ex post competition among vacancies. For any number of applications, there is a unique symmetric equilibrium in which vacancies...
Persistent link: https://www.econbiz.de/10005761830
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Life-Cycle Equilibrium Unemployment
Chéron, Arnaud; Hairault, Jean-Olivier; Langot, François - Institute for the Study of Labor (IZA) - 2008
This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped...
Persistent link: https://www.econbiz.de/10005762327
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City Air or City Markets: Productivity Gains in Urban Areas
Krupka, Douglas James - Institute for the Study of Labor (IZA) - 2007
Persistent productivity gains to rural-urban migrants have been documented by a number of researchers. One …
Persistent link: https://www.econbiz.de/10005703768
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Assortative Matching and Gender
Merlino, Luca Paolo; Parrotta, Pierpaolo; Pozzoli, Dario - Institute for the Study of Labor (IZA) - 2012
assessment of the assortative matching patterns arising in the period 1996-2005 controlling for firms and individual … characteristics. We find strong differences between men and women in assortativity. While positive assortative matching in job …
Persistent link: https://www.econbiz.de/10010796443
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Better Workers Move to Better Firms: A Simple Test to Identify Sorting
Bartolucci, Cristian; Devicienti, Francesco - Institute for the Study of Labor (IZA) - 2013
strength of assortative matching. The basic intuition underlying our empirical strategy is that, in the presence of positive … (negative) assortative matching, good workers are more (less) likely to move to better firms than bad workers. Assuming that … matching is pervasive in the labor market. This result is in contrast with what we find from correlating the worker and firm …
Persistent link: https://www.econbiz.de/10010695873