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Labor market studies on the effects of minimum wages are typically confined to the sector or worker group directly affected. We present a two-sector search model in which one sector is more productive than the other one and thus, pays higher wages. In such a framework, setting a minimum wage in...
Persistent link: https://www.econbiz.de/10010298748
significantly. This article analyzes the matching efficiency of jobs and workers in U.S. labor markets and its impact on the …
Persistent link: https://www.econbiz.de/10013118483
Understanding specific barriers to job search and returns to relaxing these barriers is important for economists and policymakers. An experiment that changes the default process for initiating job applications increases applications by 600% on a search platform in Pakistan. Perhaps surprisingly,...
Persistent link: https://www.econbiz.de/10015144137
Financial frictions are known to raise the volatility of economies to shocks (e.g. Bernanke and Gertler 1989). We follow this line of research to the labor literature concerned by the volatility of labor market outcomes to productivity shocks initiated by Shimer (2005): in an economy with search...
Persistent link: https://www.econbiz.de/10008810695
effects of their individual job creation on aggregated search costs. -- Minimum wages ; matching models ; two sectors …
Persistent link: https://www.econbiz.de/10003811115
. Moreover, it is shown that the neglect of endogenous but not observable behavior in the empirical literature on labor matching … leads to systematically biased estimates of the matching elasticities, posing a caveat on the results of previous studies … testing for constant returns of the matching function. The theoretical model presented allows to predict the direction of the …
Persistent link: https://www.econbiz.de/10011412007
This paper stresses the importance of a specification of the matching function in which the measure of job matches … corresponds to the measure of job searchers. In many empirical studies on the matching function this requirement has not been … market. In this paper, we specify and estimate matching functions where the flow corresponds to the correct stock. We use …
Persistent link: https://www.econbiz.de/10014192067
, which is consistent with empirical findings of this paper. I calibrate the model by matching the observed referral wage …
Persistent link: https://www.econbiz.de/10012867024
and matching model that allows for individual heterogeneity and participation in both self- and wage-employment as well as …
Persistent link: https://www.econbiz.de/10012064011