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. This critical value decreases with unemployment benefits and increases with workers' risk aversion. We also show that in …
Persistent link: https://www.econbiz.de/10003586554
"Contrary to widespread belief, we show that low-pay workers might not generally prefer that the minimum wage rate be increased to a level where the labor demand is unitary elastic. Rather, there exists a critical value of elasticity of labor demand such that increases in the minimum wage rate...
Persistent link: https://www.econbiz.de/10003399172
. This critical value decreases with unemployment benefits and increases with workers' risk aversion. We also show that in …
Persistent link: https://www.econbiz.de/10010268372
. This critical value decreases with unemployment benefits and increases with workers' risk aversion. We also show that in …
Persistent link: https://www.econbiz.de/10013316718
Persistent link: https://www.econbiz.de/10014557676
Contrary to widespread belief, we show that low-pay workers might not generally prefer that the minimum wage rate be increased to a level where the labor demand is unitary elastic. Rather, there exists a critical value of elasticity of labor demand such that increases in the minimum wage rate...
Persistent link: https://www.econbiz.de/10010268050
Persistent link: https://www.econbiz.de/10008780410
wages with theory. However, systematic evidence for themonopsony argument is scarce. In this paper, I perform a … comprehensive test of monop-sony theory by using labor market concentration as a proxy for monopsony power. Labormarket …
Persistent link: https://www.econbiz.de/10012793056
This paper studies the impact of downward wage rigidity on wage dynamics and employment flows after the outbreak of major recessions over the last 30 years in Spain. Downward wage rigidity stems from collective agreements, which set province-industry-skill specific minimum wage floors for all...
Persistent link: https://www.econbiz.de/10013471360
idiosyncratic productivity shocks. This causes aggregate job turnover to rise, and thereby tends to raise unemployment. Second, this … turnover, unemployment, and welfare. I show that a 10 percentage point reduction in import tariffs combined with a 12 percent … reduction in the iceberg trade cost raises job turnover and unemployment (in steady state) by roughly 8 and 17 percent …
Persistent link: https://www.econbiz.de/10012848195