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will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an … insider wage hike reduces recession-time employment but, in the presence of on-the-job training, increases boom …-time employment. Thus on-the-job training can make insider wage hikes less detrimental to average employment (over booms and …
Persistent link: https://www.econbiz.de/10011413583
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired … firming in recessions, while leaving hiring in booms unchanged. Thereby insider power reduces average employment. …
Persistent link: https://www.econbiz.de/10011411604
costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …
Persistent link: https://www.econbiz.de/10011412195
per week. We found a corresponding increase in part-time employment of 2 percentage points for all minimum wage workers …
Persistent link: https://www.econbiz.de/10011880306
A minimum wage increase could lead to adverse employment effects for certain sub-groups of minimum wage workers, while …
Persistent link: https://www.econbiz.de/10014249071
How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and …
Persistent link: https://www.econbiz.de/10011872260
The paper explores the employment implications of allowing people the opportunity of using a portion of their … incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this … policy could increase employment, raise the incomes of incapacity benefit recipients, and reduce employers' labor costs. The …
Persistent link: https://www.econbiz.de/10011412088
- where over time more experienced workers also tend to find and quit to better paid employment - has a significant impact on …
Persistent link: https://www.econbiz.de/10003860562
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10011494040
We examine the impacts of the minimum wage on employment using the minimum-wage hike induced by the introduction of … find that the minimum-wage hike raised the wages of low-wage workers, but reduced the employment of less-educated young men …
Persistent link: https://www.econbiz.de/10012431186