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We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment … values the model has two steady states, one corresponding to each population group. Discrimination can persist even if the …
Persistent link: https://www.econbiz.de/10012457057
We propose a model that combines statistical discrimination and educational sorting that explains why blacks get more …
Persistent link: https://www.econbiz.de/10012466411
contrast, because there is excess labor (involuntary unemployment) in equilibrium, efficiency wage models resemble models in …
Persistent link: https://www.econbiz.de/10012469163
Almost all labor supply models are estimated under the assumption that workers are free to choose their hours. However, theory, casual empiricism and survey data suggest that many workers are not free to vary the hours within a job. Consequently, labor supply estimates based on actual hours of...
Persistent link: https://www.econbiz.de/10012476417