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We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment …
Persistent link: https://www.econbiz.de/10012457057
of its effect on employment and unemployment. Our discussion of the theory emphasizes recent work using two-sector and … heterogeneous-worker models. We then summarize and evaluate the large literature on employment and unemployment effects of the … minimum on teenagers. Finally, we survey the evidence of the effect of the minimum wage on adult employment, and on employment …
Persistent link: https://www.econbiz.de/10012478265
states of employment, unemployment, and non-participation. The determinants of actual household transitions are then … investigated using continuous employment histories for a sample of low-income families. Simulations using the estimated transition … functions show that increased unemployment among married men has a sizeable short-run effect on both participation and …
Persistent link: https://www.econbiz.de/10012478409
. Likewise, most spells of employment end with labor force withdrawal rather than unemployment. Second, traditional estimates of …This paper challenges conventional views of unemployment. Its results suggest that failure to examine closely labor … force transitions has led to a misleading picture of unemployment and the way the labor market functions in general. There …
Persistent link: https://www.econbiz.de/10012478872
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...
Persistent link: https://www.econbiz.de/10012467955
This paper studies the employment, productivity and welfare implications of new Chinese labor regulations intended to … protect workers' employment conditions. We estimate a general equilibrium model of costly labor adjustment from data prior to … payments lead to a sizable increase in firm size, lower aggregate employment, a significant reduction in labor reallocation, an …
Persistent link: https://www.econbiz.de/10012459337
long-horizon aggregate employment growth. Consistent with this logic, we document that long-horizon payroll growth and … change in unemployment rate are predictable with risk premium proxies. Lagged payroll growth and change in unemployment rate …
Persistent link: https://www.econbiz.de/10012463430
investment and higher unemployment. Because of the expectation of future lower profits, the market value of existing firms --and …
Persistent link: https://www.econbiz.de/10012470709
present a theoretical overview of the effects of health insurance on mobility and wage/employment determination. I critically …
Persistent link: https://www.econbiz.de/10012472051
uses microeconomic data to examine the employment consequences of unionization. The paper addresses this issue with a new … association between poor employment performance and the presence of trade unions. The union employment growth differential is …
Persistent link: https://www.econbiz.de/10012475861