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Asymmetric information renders minimum wages less harmful
Schöb, Ronnie; Thum, Marcel - 2009
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information. -- minimum wages ; unemployment ; asymmetric...
Persistent link: https://www.econbiz.de/10003833327
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Has the Dutch miracle come to an end?
Ours, Jan C. van - 2003
In the past decades unemployment in the Netherlands has gone down substantially. The main suspects responsible for this decline are the growth of part-time labor, the reform of the benefit system and wage moderation. Nevertheless, in 2002 the unemployment rate in the Netherlands has increased...
Persistent link: https://www.econbiz.de/10011507711
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Minimum wages and their alternatives : a critical assessment
Knabe, Andreas; Schöb, Ronnie - 2008
subsidies to low-paid workers. We find that a minimum wage of EUR 7.50 would cost 840,000 low-paid jobs and increase the fiscal … burden by about EUR 4 billion per year, while poor households’ income rises only by EUR 1.1 billion per year. With pure wage … subsidies, the government can ensure more favorable employment and income effects. Combining a minimum wage with a wage subsidy …
Persistent link: https://www.econbiz.de/10003803539
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Job search and savings : wealth effects and duration dependence
Lentz, Rasmus; Tranæs, Torben - 2001
insurane against income fluctuations but this insurance is not perfect; precautionary savings are built up during employment …
Persistent link: https://www.econbiz.de/10011398412
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Monetary policy and nominal rigidities under low inflation
Holden, Steinar - 2001
In most European countries, money wages are given in collective agreements or individual employment contracts, and the employer cannot unilaterally cut wages, even after the expiration of a collective agreement. Ceteris paribus, workers have a stronger bargaining position when they try to...
Persistent link: https://www.econbiz.de/10011398859
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An adaptive targeted field experiment : job search assistance for refugees in Jordan
Caria, Stefano A.; Gordon, Grant; Kasy, Maximilian; … - 2020
We introduce a novel methodology for adaptive targeted experiments. Our Tempered Thompson Algorithm balances the goals of maximizing the precision of treatment effect estimates and maximizing the welfare of experimental participants. A hierarchical Bayesian model allows us to adaptively target...
Persistent link: https://www.econbiz.de/10012270365
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The welfare state redistribution and the economy : reciprocal altruism, consumer rivalry and second best
Ploeg, Frederick van der - 2004
Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...
Persistent link: https://www.econbiz.de/10011449990
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Educational and wage risk : social insurance vs. quality of education
Schindler, Dirk; Weigert, Benjamin - 2008
In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...
Persistent link: https://www.econbiz.de/10003806025
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Optimal taxation of risky human capital
Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - 2009
linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against …
Persistent link: https://www.econbiz.de/10003806742
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Human capital formation, income inequality and growth
Viaene, Jean-Marie; Zilcha, Itzhak - 2001
The paper studies the determinants of income distribution and growth in an overlapping generations economy with … generation. Heterogeneity in income results from the distribution of human capital across individuals in a nondegenerate way. The …, upon the distribution of income at each date along the equilibrium path. Second, we study the impact of such technogical …
Persistent link: https://www.econbiz.de/10011399283