Showing 1 - 10 of 428
This paper presents a model where wage differences between men and women arise from taste-based discrimination and monopsonistic mechanisms. We show how preferences against women affect heterogeneity in firms' pay policies in the context of an imperfect labour market, deriving a test for the...
Persistent link: https://www.econbiz.de/10012609091
This paper theoretically investigates how labor-market tightness affects market outcomes if firms use informal and self-enforcing agreements to motivate workers. We characterize profit-maximizing equilibria and derive the following results. First, an increase in the supply of homogenous workers...
Persistent link: https://www.econbiz.de/10014278184
This paper uses minimum wage hikes to evaluate the susceptibility of low-wage employment to technological substitution. We find that automation is accelerating and supplanting a broader set of low-wage routine jobs in the decade since the Financial Crisis. Simultaneously, low-wage interpersonal...
Persistent link: https://www.econbiz.de/10012429422
During the 1910's, twelve states passed and implemented the first minimum-wage laws in the history of the United States. These laws were applying to specific industries and only to female employees. This paper studies the employment impact of these gender-specific minimum-wage laws, using full...
Persistent link: https://www.econbiz.de/10013342562
This paper studies firms' adjustment behavior to the growth in labor costs induced by Italian collective bargaining institutions. Our research design compares several firms' outcomes across collective agreements within the same sector and geographic location, exploiting discontinuities in...
Persistent link: https://www.econbiz.de/10012609098
Minimum wage is an important redistributive tool and an important element of the employment strategies and social policies for overcoming poverty and reducing inequality. Even though the social dimension of the minimum wage concept is unquestionable, it also provokes frequent debates and...
Persistent link: https://www.econbiz.de/10014327909
In this paper we define and estimate measures of labor market frictions using data on job durations. We compare different estimation methods and different types of data. We propose and apply an unconditional inference method that can be applied to aggregate duration data. It does not require...
Persistent link: https://www.econbiz.de/10010321081
This paper analyzes the effects of the minimum wage on wage inequality, relative employment and over-education. We show that over-education can be generated endogenously and that an increase in the minimum wage can raise both total and low-skill employment, and produce a fall in inequality....
Persistent link: https://www.econbiz.de/10010287869
Using an efficiency wage model we show that over-education can be generated endogenously and that an increase in the minimum wage can raise both total and low-skill employment, and produce a fall in inequality. Evidence from the US suggests that these theoretical results are empirically...
Persistent link: https://www.econbiz.de/10010287882
Despite the recovery of economic growth in Latin America during the 1990s, rising unemployment, high informality rates and sluggish wages lie at the root of high inequality and poverty. This paper looks at changes in hourly earnings from the early 1990s to the early 2000s in three relatively...
Persistent link: https://www.econbiz.de/10010293299