Showing 1 - 10 of 211
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10011302622
We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy …
Persistent link: https://www.econbiz.de/10011374417
In this paper, I study the wage a firm sets to attract high abilityworkers (hipo's) in situationsof unemployment. I … show that the higher unemployment, the larger afirm's incentives to sorthigh and low ability workers. Moreover, workers … will signal their(high) ability in situationsof (high) unemployment only if a job offers a high enough wage. Themain result …
Persistent link: https://www.econbiz.de/10011303310
firms can explain the relatively high level of unemployment amongstlower educated workers and the relatively strong … level of education can notexplain the stronger cyclicality of the unemployment rate for lower educatedworkers. We conclude …
Persistent link: https://www.econbiz.de/10011300551
Persistent link: https://www.econbiz.de/10000925501
Persistent link: https://www.econbiz.de/10000910426
Persistent link: https://www.econbiz.de/10001412106
Persistent link: https://www.econbiz.de/10000122517
increase in the pace of job creation and destruction may have substantial effects on employment and unemployment;the effects … may be out of its unemployment equilibrium for quite a long time after a shock occurs.The novelty of the model is that it … takes explicitly account of the propagationof shocks through the various duration classes of unemployment andallows for …
Persistent link: https://www.econbiz.de/10010336861