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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 search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005703158
participation on individual labor market outcomes, notably employment and annual income, as well as on the labor market equilibrium …
Persistent link: https://www.econbiz.de/10005703812
Persistent link: https://www.econbiz.de/10005423325
Women without work after childbirth are at risk of losing their connection to the labor market. However, they may …
Persistent link: https://www.econbiz.de/10010747874
Persistent link: https://www.econbiz.de/10005398583
This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply … questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual … dynamic optimization theory. We develop a general framework for the labor market where the search for a job involves dynamic …
Persistent link: https://www.econbiz.de/10005762359