Heterogeneity and the public sector wage policy

Pedro Gomes

A model with search and matching frictions and heterogeneous workers was established to evaluate a reform of the public sector wage policy in steady-state. The model was calibrated to the UK economy based on Labour Force Survey data. A review of the pay received by all public sector workers to align the distribution of wages with the private sector reduces steady-state unemployment by 1.4 percentage points.

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Year of publication:	October 2017
Authors:	Gomes, Pedro
Publisher:	Bonn, Germany : IZA
Subject:	public sector employment \| public sector wages \| public sector \| wage premium \| unemployment \| skilled workers \| worker heterogeneity \| Öffentlicher Sektor \| Public sector \| Vergütungssystem im öffentlichen Dienst \| Public sector pay \| Lohnstruktur \| Wage structure \| OECD-Staaten \| OECD countries \| Qualifikation \| Occupational qualification \| Öffentlicher Dienst \| Civil service \| Arbeitslosigkeit \| Unemployment

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Extent:	1 Online-Ressource (circa 38 Seiten) Illustrationen
Series:	Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. no. 11091
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/174001 [Handle]
Classification:	E24 - Employment; Unemployment; Wages ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; J45 - Public Sector Labor Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011738878