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Gross worker flows in the presence of informal labor markets. The Mexican experience 1987-2002
Bosch, Mariano; Maloney, William - London School of Economics (LSE) - 2006
US and not to the traditional idea of informality constituting the inferior sector of a segmented market. That said, the … counter cyclical job finding in the formal sector combined with the acyclical job finding in informality does lead to the …
Persistent link: https://www.econbiz.de/10011071130
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Imperfect competition in the labour market
Manning, Alan - London School of Economics (LSE) - 2010
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...
Persistent link: https://www.econbiz.de/10010745736
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Job and wage mobility in a search model with non-compliance (exemptions) with the minimum wage
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...
Persistent link: https://www.econbiz.de/10010745907
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The plant size-place effect: agglomeration and monopsony in labour markets
Manning, Alan - London School of Economics (LSE) - 2007
This paper shows, using data from both the US and the UK, that average plant size is larger in denser markets. However, many popular theories of agglomeration – spillovers, cost advantages and improved match quality – predict that establishments should be smaller in cities. The paper...
Persistent link: https://www.econbiz.de/10010745919
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The effect of trade liberalization on informality and wages: evidence from Mexico
Aleman-Castilla, Benjamin - London School of Economics (LSE) - 2006
This paper studies the impact of NAFTA on informality and real wages in Mexico. Using a dynamic industry model with … firm heterogeneity, it is predicted that import tariff elimination could reduce the incidence of informality by making more … the Mexican import tariffs are significantly related to reductions in the likelihood of informality in the tradable …
Persistent link: https://www.econbiz.de/10010746201
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Resurrecting the participation margin
Ebell, Monique - London School of Economics (LSE) - 2008
This paper considers a real business cycle model with search frictions in the labor market and labor supply which is elastic along the extensive (participation) margin. Previous authors have found that such models generate counterfactually procyclical unemployment and a positively-sloped...
Persistent link: https://www.econbiz.de/10010745347
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Unemployment and hours of work: the North Atlantic divide revisited
Pissarides, Christopher - London School of Economics (LSE) - 2006
I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United States and Europe. The theoretical model brings together all three and emphasizes technological growth. Computations show that the very low unemployment in Europe in the 1960s was...
Persistent link: https://www.econbiz.de/10010746048
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Why are higher skilled workers more mobile geographically?: the role of the job surplus
Amior, Michael - London School of Economics (LSE) - 2015
The skill gap in geographical mobility is entirely driven by workers who report moving for a new job. A natural explanation lies in the large expected surplus accruing to skilled job matches. Just as large surpluses ease the frictions which impede job search in general, they also help overcome...
Persistent link: https://www.econbiz.de/10011206867
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Has job polarization squeezed the middle class? Evidence from the allocation of talents
Boehm, Michael J. - London School of Economics (LSE) - 2013
Over the last two decades, earnings in the United States increased at the top and at the bottom of the wage distribution but not in the middle - the intensely debated middle class squeeze. At the same time there was a substantial decline of employment in middle-skill production and clerical...
Persistent link: https://www.econbiz.de/10010745842
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Why has the British national minimum wage had little or no impact on employment?
Metcalf, David - London School of Economics (LSE) - 2007
A century has passed since the first call for a British national minimum wage (NMW). That remarkable Fabian tract discussed wage setting, coverage, monopsony, international labour standards, inspection and compliance and the interaction between the NMW and the social security system. The NMW was...
Persistent link: https://www.econbiz.de/10010745520