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Employment and Reallocation Effects of Higher Minimum Wages
Drechsel-Grau, Moritz - 2023
This paper studies the employment and reallocation effects of minimum wages in Germany in a search-and-matching model … with endogenous job search effort and vacancy posting, multiple employment levels, a progressive tax-transfer system, and …, hours worked and output without reducing employment. In frictional labor markets, however, reallocation takes time whenever …
Persistent link: https://www.econbiz.de/10014377387
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Employment and Reallocation Effects of Higher Minimum Wages
Drechsel-Grau, Moritz - 2023
This paper studies the employment and reallocation effects of minimum wages in Germany in a search-and-matching model … with endogenous job search effort and vacancy posting, multiple employment levels, a progressive tax-transfer system, and …, hours worked and output without reducing employment. In frictional labor markets, however, reallocation takes time whenever …
Persistent link: https://www.econbiz.de/10014356608
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Tax Curvature
Hummel, Albert Jan - 2021
In a Mirrleesian environment, a monopsonist sets hourly wages and individuals choose how many hours to work. Labor market outcomes do not only depend on the level and slope of the income tax function, but also on its curvature. A more concave tax schedule raises the elasticity of labor supply,...
Persistent link: https://www.econbiz.de/10012657926
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Minimum Wage and Firm Variety
Jha, Priyaranjan; Rodríguez López, Antonio - 2021
Exploiting minimum-wage variation within multi-state commuting zones, we document a negative relationship between minimum wages and firm variety in the U.S. restaurant and retail-trade industries. To explain this finding, we construct a heterogeneous-firm model with a monopsonistic labor market...
Persistent link: https://www.econbiz.de/10012658018
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Tax Curvature
Hummel, Albert Jan - 2021
In a Mirrleesian environment, a monopsonist sets hourly wages and individuals choose how many hours to work. Labor market outcomes do not only depend on the level and slope of the income tax function, but also on its curvature. A more concave tax schedule raises the elasticity of labor supply,...
Persistent link: https://www.econbiz.de/10013217356
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Minimum Wage and Firm Variety
Jha, Priyaranjan; Rodriguez-Lopez, Antonio - 2021
Exploiting minimum-wage variation within multi-state commuting zones, we document a negative relationship between minimum wages and firm variety in the U.S. restaurant and retail trade industries. To explain this finding, we construct a heterogeneous-firm model with a monopsonistic labor market...
Persistent link: https://www.econbiz.de/10013211016
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The Structure of the Permanent Job Wage Premium: Evidence from Europe
Kahn, Lawrence - 2013
findings suggest that the gain to employment in permanent jobs is higher for those with less experience in the domestic labor …
Persistent link: https://www.econbiz.de/10010328854
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Organised Labour, Labour Market Imperfections, and Employer Wage Premia
Dobbelaere, Sabien; Hirsch, Boris; Müller, Steffen; … - 2020
This paper examines how collective bargaining through unions and workplace co-determination through works councils shape labour market imperfections and how labour market imperfections matter for employer wage premia. Based on representative German plant data for the years 1999-2016, we document...
Persistent link: https://www.econbiz.de/10012425645
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Firm Training
Black, Dan A.; Skipper, Lars; Smith, Jeffrey A. - 2023
Workers acquire skills through formal schooling, through training provided by governments, and through training provided by firms. This chapter reviews, synthesizes, and augments the literature on the last of these, which has languished in recent years despite the sizable contribution of firm...
Persistent link: https://www.econbiz.de/10014290178
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Labor Market Competition and Inequality
Garcia-Louzao, Jose; Ruggieri, Alessandro - 2023
Does competition in the labor market affect wage inequality? Standard textbook monopsony models predict that lower employer labor market power reduces wage dispersion. We test this hypothesis using Social Security data from Lithuania. We first fit a two-way fixed effects model to quantify the...
Persistent link: https://www.econbiz.de/10014469748