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, unemployment rates, and wages in fixed-effects regressions which effectively use changes in these indicators over time within … the response to unemployment shocks in these economies. In India, the unemployment rate does not seem to be a reliable …
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downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …
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This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
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