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This paper reexamines the efficiency of participation with heterogeneous workers in a search-matching model with … bargained wages and free entry. Assuming that firms hire their best applicants, we state that participation is insufficient … receive the entire output. As a consequence, introducing a (small) minimum wage raises participation, job creation, and …
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creation, the introduction of a minimum wage in the formal sector improves the efficiency of the labor market by making the …
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We present a model of female participation in the labor force, which deals with part time work and the minimum wage …
Persistent link: https://www.econbiz.de/10009001117
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...
Persistent link: https://www.econbiz.de/10009432547
(1) The basic problem in OECD countries is the tax void. (2) A tax system with an exemption is more transparant than a system with a tax credit. (3) Exemption should be at the level of the net minimum wage so that such workers can work at net = gross. (4) A tax credit is a sufficient but not a...
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