Showing 1 - 10 of 283
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10005504450
We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility, in a world where wages depend on firm-worker matches, as well as experience and tenure and jobs take time to locate. We estimate this model on a large administrative panel data...
Persistent link: https://www.econbiz.de/10005124058
productivity and efficiency via its impact on sorting and matching in the labor market. Some of the most recent contributions also …
Persistent link: https://www.econbiz.de/10011083458
diminishing returns to the number of workers. We examine the sorting of factors to sectors and the matching of factors within …
Persistent link: https://www.econbiz.de/10011084509
This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible … increase in the productivity and/or the supply of skilled relative to unskilled workers. These effects are stronger when hiring …
Persistent link: https://www.econbiz.de/10005666594
capita income, whereas its labour productivity level -- notably in manufacturing -- remained relatively high. The Dutch …
Persistent link: https://www.econbiz.de/10005114219
This paper shows how misleading is the facile contrast of Europe following a path of high productivity growth, high … shocks may initially create a positive trade-off between productivity and unemployment, they set in motion a dynamic path of … contributions of this paper are to show how a productivity-unemployment trade-off might emerge and how it might subsequently …
Persistent link: https://www.econbiz.de/10005114412
that such precautionary policy is not pursued if it entails sufficiently high productivity losses. If workers can search on …
Persistent link: https://www.econbiz.de/10005497907
We show how small initial wealth differences between low skilled black and white workers can generate large differences in their labour-market outcomes. This even occurs in the absence of a taste for discrimination against blacks or exogenous differences in the distance to jobs. Because of the...
Persistent link: https://www.econbiz.de/10005504534