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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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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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Steady-State Labor Supply Elasticities: A Survey
Bargain, Olivier; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2013
choices in explaining the large variation in elasticity size observed across studies. While some recent studies show that … focus here on time changes and estimation methods as key contributors of the differences across studies. Both factors can … the Hausman estimation approach to discrete-choice models with tax-benefit simulations). Meta-analysis evidence suggests …
Persistent link: https://www.econbiz.de/10010884275
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Structural Labor Supply Models and Wage Exogeneity
Loeffler, Max; Peichl, Andreas; Siegloch, Sebastian - Institute for the Study of Labor (IZA) - 2014
between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests …
Persistent link: https://www.econbiz.de/10010884371
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Comparing Labor Supply Elasticities in Europe and the US: New Results
Bargain, Olivier; Orsini, Kristian; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2012
We suggest the first large-scale international comparison of labor supply elasticities for 17 European countries and the US, separately by gender and marital status. Measurement differences are netted out by using a harmonized empirical approach and comparable data sources. We find that own-wage...
Persistent link: https://www.econbiz.de/10011252285
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The Responsiveness of Remittances to the Oil Price: The Case of the GCC
Naufal, George; Termos, Ali - Institute for the Study of Labor (IZA) - 2009
price elasticity of remittances is around 0.4. While most studies have examined the impact of remittances on the real …
Persistent link: https://www.econbiz.de/10005039650
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Tax Incentives as a Solution to the Uninsured: Evidence from the Self-Employed
Gumus, Gulcin; Regan, Tracy L. - Institute for the Study of Labor (IZA) - 2007
for the self-employed to obtain health insurance coverage. Estimates of the price elasticity of demand confirm the limited …
Persistent link: https://www.econbiz.de/10005703783