the unemployment rate and the real minimum wage; sticks are measured by felony arrests, police force and New York City …

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 …

of its effect on employment and unemployment. Our discussion of the theory emphasizes recent work using two-sector and … heterogeneous-worker models. We then summarize and evaluate the large literature on employment and unemployment effects of the …

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers … perfectly competitive labor markets underlying this theory is relaxed, minimum wages can increase training of affected workers … standard theory of human capital …

We develop a New Monetarist model with expenditure and unemployment risks that generates equilibria with non …-run trade-o¤ between inflation and unemployment. Distributional effects also generate a quantitatively significant aggregate …

unemployment benefits on the duration of joblessness in Austria, and discuss implementation issues that may arise in similar … nonparametric estimation (e.g. Imbens et al. (2012) and Calonico et al. (2014)) are sometimes interpreted by practitioners as … pointing to a default estimation procedure, we show that in any given application different procedures may perform better or …

analyze data from the SIPP and find that the wages for new hires coming from unemployment are no more cyclical than those of …

By how much does an extension of unemployment benefits affect macroeconomic outcomes such as unemployment? Answering … this question is challenging because U.S. law extends benefits for states experiencing high unemployment. We use data … and find that they increased the unemployment rate by at most 0.3 percentage point …