This paper constructs a labor search model to explore the effects of minimum wages on youth unemployment. To capture the gradual decline in unemployment for young workers as they age, the standard search model is extended so that workers gain experience when employed. Experienced workers have...

Significant employment differences between the US and Europe are concentrated among young workers. This paper constructs a labor search model that accounts for age patterns of employment. Work experience reduces the probability that workers lose their jobs. By introducing minimum wages, the...

This chapter deals with the situation of Cost Benefit Analysis applied to transport projects in France. The principles of the directives now in force are analysed. They are based on the Dupuit surplus, including user’s surplus, external effects and producer’s surplus. The unitary values of...