This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We … show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values … redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first. This …

setting mechanisms for fluctuations in unemployment. We show the role of labor market frictions and real wage rigidities in … unemployment stabilization, and its dependence on labor market characteristics. We draw the implications for optimal monetary …We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications …

using data from the labor market. We estimate the quot;excess sensitivityquot; of job search behavior to cash-on-hand using … sharp discontinuities in eligibility for severance pay and extended unemployment insurance (UI) benefits in Austria …

This paper examines how unemployment affects retirement and whether the Unemployment Insurance (UI) system and Social … Security (SS) system affect how older workers respond to labor market shocks. To do so, we use pooled cross-sectional data from … the March Current Population Survey (CPS) as well as March CPS files matched between one year and the next and …

How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe … cases and wrong in others. Protectionist labor-market policies such as employee protection laws seem to have become more … not harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects …

We use traditional and non-traditional data to measure the collapse and partial recovery of the U.S. labor market from … from the Paycheck Protection Program and states with more generous unemployment insurance benefits had milder declines and …

This paper investigates the potential reasons for the surprisingly different labor market performance of the United … States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

firm. We overview key theories related to offshoring and its labor market effects and survey three waves of the literature …

Recent assessments of occupational licensing have shown varying effects of the institution on labor market outcomes …. This study revisits the relationship between occupational licensing and labor market outcomes by analyzing a new topical … sets of person-level characteristics. We exploit this larger and more detailed data set to examine the labor market …

We measure the changing efficacy of neighborhood-based labor market networks, across the business cycle, in helping … therefore focus on a measure of the strength of the labor market networks that includes not only the number of employed … that local labor market networks increase re-employment following mass layoffs, and in particular, that networks serve to …