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We develop a model in which firms hire heterogeneous workers but must offer all workers insurance benefits under similar terms. In equilibrium, some firms offer free health insurance, some require an employee premium payment and some do not offer insurance. Making the employee contribution...
Persistent link: https://www.econbiz.de/10003461149
We develop a model in which firms hire heterogeneous workers but must offer all workers insurance benefits under similar terms. In equilibrium, some firms offer free health insurance, some require an employee premium payment and some do not offer insurance. Making the employee contribution...
Persistent link: https://www.econbiz.de/10012756870
Under the standard competitive model, a tax change affecting workers with highly inelastic labor supply, will lower earnings by the entire nominal employer share of the tax increase. If wages play a motivational role but the market still clears, the range of possible outcomes is broader but...
Persistent link: https://www.econbiz.de/10012469163
If education increases human capital, subsidizing education can generate economic growth and combat poverty. Estimates of its return suggest that education is a good social investment. In sorting models, the return reflects in part the information about productivity revealed by the worker's...
Persistent link: https://www.econbiz.de/10012474927
Lazear has argued that hours constraints, in general, and mandatory retirement, in particular, form part of an efficient labor market contract designed to increase output by inhibiting worker shirking. Since the contract is efficient, legislative interference is welfare reducing. However, in any...
Persistent link: https://www.econbiz.de/10012476871
This paper examines nonsequential search when jobs vary with respect to nonpecuniary characteristics. In the presence of frictions in the labor market, the equilibrium job distribution need not show evidence of compensating wage differentials. The model also generates several pervasive features...
Persistent link: https://www.econbiz.de/10012468786
We show that in labor market models with adverse selection, otherwise observationally equivalent workers will experience less wage growth following a period in which they change jobs than following a period in which they do not. We find little or no evidence to support this prediction. In most...
Persistent link: https://www.econbiz.de/10012456290
We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment duration among blacks. While white workers are hired and retained indefinitely without monitoring, black workers are monitored and fired if a negative signal is received. The...
Persistent link: https://www.econbiz.de/10012457057
The street sex worker market in Geylang, Singapore is highly competitive. Clients can search legally at negligible cost. Sex workers discriminate based on client ethnicity despite an excess supply of sex workers. Workers are more (less) likely to approach and ask a higher (lower) price of...
Persistent link: https://www.econbiz.de/10012457755
Using data from three cycles of the National Survey of Family Growth, we investigate whether there were adverse consequences of teenage childbearing in the 1950s and 1960s, when most abortions were illegal, and access to the pill was limited. We find negative effects of teen motherhood on the...
Persistent link: https://www.econbiz.de/10012459034