literature in which wages are regressed on years of overschooling, years of required schooling and years of underschooling is at …

licensing is associated with about 18 percent higher wages, but the effect of governmental certification on pay is much smaller … little association between licensing and the variance of wages, in contrast to unions. Overall, our results show that …

wages are fixed. We also account for the financing of these benefits and determine the level of benefits necessary to …

study the labour market effects of public sector employment and wages. Public sector wages plays an important role in … achieving the efficient allocation. High wages induce too many unemployed to queue for public sector jobs, while if they are low … friction parameters. In response to technology shocks, it is optimal to have procyclical public sector wages. Deviations from …

short-run wages, but fared significantly better in the longer run. Second, we compare labor market outcomes of subsidized … wages of workers would not have differed significantly, if they had been hired in another industry instead. However, we find … significant differences in short-term wages, employment and tenure outcomes across industries. Finally, from a fiscal point of …