Similar Search Results

The Pricing of Job Characteristics When Markets Do Not Clear : Theory and Implications

Lang, Kevin - 2003

This paper examines nonsequential search when jobs vary with respect to nonpecuniary characteristics. In the presence of frictions in the labor market, the equilibrium job distribution need not show evidence of compensating wage differentials. The model also generates several pervasive features...

Persistent link: https://www.econbiz.de/10012468786

Voluntary Minimum Wages

Derenoncourt, Ellora; Weil, David - National Bureau of Economic Research - 2024

Recent wage growth at the bottom of the earnings distribution in the U.S. has reversed a decades-long trend of widening wage inequality. Numerous state and local minimum wage increases have overtaken an effectively non-binding federal minimum, and robust labor demand in the post-pandemic...

Persistent link: https://www.econbiz.de/10014576574

How Much Does Sorting Increase Inequality?

Kremer, Michael - 1996

Social commentators from William Julius Wilson to Charles Murray have argued that increased sorting of people into internally homogeneous" neighborhoods,schools, and marriages is spurring long-run inequality. Cali- bration of a formal model suggests that these fears are misplaced. In order to...

Persistent link: https://www.econbiz.de/10012473282

Macroeconomic Adjustment with Segmented Labor Markets

Agenor, Pierre-Richard - 1994

This paper analyzes the macroeconomic effects of fiscal and labor market policies in a small open developing country. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...

Persistent link: https://www.econbiz.de/10012474150

Bilateral Search as an Explanation for Labor Market Segmentation and Other Anomalies

Lang, Kevin - 1993

Since applying for jobs is costly, workers prefer applying where their employment probability is high and, therefore, to jobs attracting fewer higher quality applicants. Since creating vacancies is expensive, firms create more vacancies when job-seeking is high. Our model captures these ideas...

Persistent link: https://www.econbiz.de/10012474485

Labor Market Segmentation Theory : Reconsidering the Evidence

Dickens, William T. - 1992

We argue that Labor Market Segmentation theory is a good alternative to standard views of the labor market. Since it is … sometimes argued that labor market segmentation theory is untestable, we first consider the uses of theory and the attributes of … a good theory. We then argue that labor market segmentation has these attributes. It is internally consistent and is …

Persistent link: https://www.econbiz.de/10012474888

Work Incentives and the Demand for Primary and Contingent Labor

Rebitzer, James B. - 1991

This paper presents an incentive-based dual labor market model. Three implications of the model are emphasized. First, in equilibrium, there is an excess supply of workers to primary jobs. Second, when demand is uncertain, firms may choose a mix of primary and contingent workers to perform the...

Persistent link: https://www.econbiz.de/10012475368

Transactions Costs and Internal Labor Markets

Rosen, Sherwin - 1987

theory as a conceptual framework for this problem. The analysis suggests that an internal labor market must be viewed in a …

Persistent link: https://www.econbiz.de/10012476661

Education and Self-Selection

Willis, Robert J. - 1978

A structural model of the demand for college attendance is derived from the theory of comparative advantage and recent … statistical models of self-selection and unobserved components. Estimates from NBER-Thorndike data strongly support the theory …

Persistent link: https://www.econbiz.de/10012478895

Education : Consumption or Production

Lazear, Edward P. - 1975

It can be claimed that education is simply a normal consumption good and that like all other normal goods, an increase in wealth will produce an increase in the amount of schooling purchased. Increased incomes are associated with higher schooling attainment as the simple result of an income...

Persistent link: https://www.econbiz.de/10012479022

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