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Asymmetric information renders minimum wages less harmful

Schöb, Ronnie; Thum, Marcel - 2009

We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information. -- minimum wages ; unemployment ; asymmetric...

Persistent link: https://www.econbiz.de/10003833327

Has the Dutch miracle come to an end?

Ours, Jan C. van - 2003

In the past decades unemployment in the Netherlands has gone down substantially. The main suspects responsible for this decline are the growth of part-time labor, the reform of the benefit system and wage moderation. Nevertheless, in 2002 the unemployment rate in the Netherlands has increased...

Persistent link: https://www.econbiz.de/10011507711

Minimum wages and their alternatives : a critical assessment

Knabe, Andreas; Schöb, Ronnie - 2008

subsidies to low-paid workers. We find that a minimum wage of EUR 7.50 would cost 840,000 low-paid jobs and increase the fiscal … burden by about EUR 4 billion per year, while poor households’ income rises only by EUR 1.1 billion per year. With pure wage … subsidies, the government can ensure more favorable employment and income effects. Combining a minimum wage with a wage subsidy …

Persistent link: https://www.econbiz.de/10003803539

The welfare state redistribution and the economy : reciprocal altruism, consumer rivalry and second best

Ploeg, Frederick van der - 2004

Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...

Persistent link: https://www.econbiz.de/10011449990

Job search and savings : wealth effects and duration dependence

Lentz, Rasmus; Tranæs, Torben - 2001

insurane against income fluctuations but this insurance is not perfect; precautionary savings are built up during employment …

Persistent link: https://www.econbiz.de/10011398412

Monetary policy and nominal rigidities under low inflation

Holden, Steinar - 2001

In most European countries, money wages are given in collective agreements or individual employment contracts, and the employer cannot unilaterally cut wages, even after the expiration of a collective agreement. Ceteris paribus, workers have a stronger bargaining position when they try to...

Persistent link: https://www.econbiz.de/10011398859

An adaptive targeted field experiment : job search assistance for refugees in Jordan

Caria, Stefano A.; Gordon, Grant; Kasy, Maximilian; … - 2020

We introduce a novel methodology for adaptive targeted experiments. Our Tempered Thompson Algorithm balances the goals of maximizing the precision of treatment effect estimates and maximizing the welfare of experimental participants. A hierarchical Bayesian model allows us to adaptively target...

Persistent link: https://www.econbiz.de/10012270365

From rural schools to city factories : assessing the quality of Chinese rural schools

Hanushek, Eric Alan; Kang, Le; Li, Xueying; Zhang, Lei - 2025

The changing pattern of quality in China’s rural schools across time and province is extracted from the differential labor market earnings of rural migrant workers. Variations in rates of return to years of schooling across migrant workers working in the same urban labor market but having...

Persistent link: https://www.econbiz.de/10015434398

Educational and wage risk : social insurance vs. quality of education

Schindler, Dirk; Weigert, Benjamin - 2008

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...

Persistent link: https://www.econbiz.de/10003806025

Optimal taxation of risky human capital

Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - 2009

linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against …

Persistent link: https://www.econbiz.de/10003806742