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The Right Man for the Job
Teulings, Coen N.; Gautier, Pieter A. - Tinbergen Institute - 2000
decreasing in the substitutability of worker types. This cost of search is then decomposed into three components: unemployment … workers being more choosy. The resulting equilibrium is not efficient. Unemployment benefits can reduce the loss by serving as …
Persistent link: https://www.econbiz.de/10005281731
Cover Image
The Right Man for the Job
Teulings, Coen N.; Gautier, Pieter A. - Tinbergen Instituut - 2000
decreasing in the substitutability of worker types. This cost of search is then decomposed into three components: unemployment … workers being more choosy. The resulting equilibrium is not efficient. Unemployment benefits can reduce the loss by serving as …
Persistent link: https://www.econbiz.de/10011256931
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Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies
Berg, Gerard J. van den - Tinbergen Institute - 1999
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10005281980
Cover Image
Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies
Berg, Gerard J. van den - Tinbergen Instituut - 1999
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10011256618