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Persistent link: https://www.econbiz.de/10002028619
How should a group of people decide to allocate a task that has to be done but is not adequately rewarded? This paper finds an optimal mechanism for the private provision of a public service in an environment without monetary transfers. All members of the group have the same cost of providing...
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We model a standard competitve labour market where firms choose combinations of workers and hours per worker to produce output. If one assumes that the scale of production has no impact on hours per worker, then the change in the number of workers and hours per worker resulting from a minimum...
Persistent link: https://www.econbiz.de/10003616666
In a competitive model we ease the assumption that efficiency units of labour are the product of hours and workers. We show that a minimum wage may either increase or decrease hours per worker and the change will have the opposite sign to the slope of the equilibrium hours hourly wage locus....
Persistent link: https://www.econbiz.de/10009729282
The continued rise in overall cancer survival rates has ignited a field of research which examines the effect that cancer has on survivors' employment. Previous estimates of the effect of cancer on labour market outcomes, using U.S. data, show a significant reduction in employment and hours of...
Persistent link: https://www.econbiz.de/10010348323
We use Statistics Canada's Labour Force Survey to explore the labor market impacts of the novel coronavirus (COVID-19). Specifically, we adopt a unique identification strategy to examine the heterogeneous causal effects of the COVID-19 economic shutdown by governments on hours worked across the...
Persistent link: https://www.econbiz.de/10012225485
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Monopsonists suppress employment and wages so as to avoid matching higher wages to their existing employees. Minimum wage hikes force them to pay their existing employees more, reducing the marginal cost of hiring and increasing both wages and employment. However, once the minimum wage exceeds...
Persistent link: https://www.econbiz.de/10014279230