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Acemoglu, Daron; Shimer, Robert - C.E.P.R. Discussion Papers - 1997

or more of the posted wages, i.e. search, before deciding where to apply. Both with homogeneous and heterogeneous forms …, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search …, and wages are depressed. As a result: (a) there is excessive entry of firms; and (b) because, in the absence of search …

Persistent link: https://www.econbiz.de/10005124074

Matching, Heterogeneity and the Evolution of Income Distribution

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1996

This paper presents a model in which firms and workers must engage in costly search to find a production partner. In … this setting the skill, job and wage distributions and their evolutions are endogenized. The presence of search frictions …

Persistent link: https://www.econbiz.de/10005114138

Minimum wages and on-the-job training

Acemoglu, Daron; Pischke, Jorn-Steffen - London School of Economics (LSE) - 2002

Becker''s theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10010746286

Minimum Wages and On-the-Job Training

Acemoglu, Daron; Pischke, Jörn-Steffen - 2001

Becker?s theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10010262588

Minimum Wages and On-the-Job Training

Acemoglu, Daron; Pischke, Jörn-Steffen - Institute for the Study of Labor (IZA) - 2001

Becker’s theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10005566408

The Labour Market and Corporate Structure

Acemoglu, Daron; Newman, Andrew - C.E.P.R. Discussion Papers - 1997

This paper analyses the impact of labour demand and labour market regulations on the corporate structure of fims. It finds that higher wages are associated with lower monitoring, irrespective of whether these high wages are caused by labour market regulations, unions or higher labour demand....

Persistent link: https://www.econbiz.de/10005504251

Minimum Wages and On-the-Job Training

Acemoglu, Daron; Pischke, Jörn-Steffen - Centre for Economic Performance, LSE - 2002

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10005016812

The Structure of Wages and Investment in General Training

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1998

In the standard model of human capital with perfect labor markets, workers pay for general training. When labor market frictions compress the structure of wages, firms may invest in the general skills of their employees. The reason is that the distortion in the wage structure turns...

Persistent link: https://www.econbiz.de/10005656301

Minimum Wages and On-the-Job Training

Acemoglu, Daron; Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 1999

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers, because they prevent these workers from taking wage cuts necessary to finance training. We show that when the assumption of perfectly competitive labour markets underlying this...

Persistent link: https://www.econbiz.de/10005661835

Minimum wages and on-the-job training

Acemoglu, Daron; Pischke, Jörn-Steffen - 2001

Persistent link: https://www.econbiz.de/10011404043