Eckstein, Zvi; Ge, Suqin; Petrongolo, Barbara - London School of Economics (LSE) - 2006
We use a simple job search model to explain the doubling of mean hourly earnings of white males, and the five-fold increase in their variance, during the first 18 years of labor market experience. For this purpose we embody minimum wage regulations and imperfect compliance in a job search model...