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Carrots, Sticks and Broken Windows
Corman, Hope - 2002
the unemployment rate and the real minimum wage; sticks are measured by felony arrests, police force and New York City …
Persistent link: https://www.econbiz.de/10012469652
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Optimal Minimum Wage Policy in Competitive Labor Markets
Lee, David - 2008
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 …
Persistent link: https://www.econbiz.de/10012464328
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The Effect of the Minimum Wage on Employment and Unemployment : A Survey
Brown, Charles - 1982
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 …
Persistent link: https://www.econbiz.de/10012478265
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Minimum Wages and On-the-job Training
Acemoglu, Daron - 1999
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 …
Persistent link: https://www.econbiz.de/10012471604
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Job Queues and Wages : New Evidence on the Minimum Wage and Inter-Industry Wage Structure
Holzer, Harry J. - 1988
This paper uses job applications- data to test the existence of non-competitive, ex-ante rents in the labor market. We first examine whether jobs that pay the legal minimum wage face an excessively of labor as measured by the number of job applications received for the most recent positions...
Persistent link: https://www.econbiz.de/10012476506
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Measuring Business Cycles by Saving for a Rainy Day
Crucini, Mario J. - 2010
We propose a simple saving-based measure of the cyclical component in GDP. The measure is motivated by the prediction that the represenative consumer changes savings in response to temporary deviations of income from its stochastic trend, while satisfying a present-value budget constraint. To...
Persistent link: https://www.econbiz.de/10012462580
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The Limited Macroeconomic Effects of Unemployment Benefit Extensions
Chodorow-Reich, Gabriel - 2016
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 …
Persistent link: https://www.econbiz.de/10012456512
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Offshoring and Labor Markets
Hummels, David - 2016
identification strategies used, critically assess strengths and weaknesses, discuss connections with theory, and draw out potential …
Persistent link: https://www.econbiz.de/10012456633
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Analyzing the Labor Market Outcomes of Occupational Licensing
Gittleman, Maury - 2015
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 module to the Survey of Income and Program Participation...
Persistent link: https://www.econbiz.de/10012457705
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What Should I Be When I Grow Up? Occupations and Unemployment over the Life Cycle
Gervais, Martin - 2014
Why is unemployment higher for younger individuals? We address this question in a frictional model of the labor market … observed age differences in unemployment which, as in the data, are due to differences in job separation rates …
Persistent link: https://www.econbiz.de/10012458037