Showing 1 - 10 of 1,507
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 analyze 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/10010261543
This paper makes two contributions to the empirical matching literature. First, a recent study by Anderson and Burgess … (2000) testing for endogenous competition among job seekers in a matching frame-work, is replicated with a richer and more … accurate data set for Germany. Their results are confirmed and found to be surprisingly robust. Second, the matching framework …
Persistent link: https://www.econbiz.de/10010262525
This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped...
Persistent link: https://www.econbiz.de/10010268639
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10010276187
We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect … to market productivity, satisfying the Hosios rule leads to excessive vacancy creation. The reason is that the marginal … worker does not internalize the effect of his or her participation on average productivity. …
Persistent link: https://www.econbiz.de/10010269110
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option …
Persistent link: https://www.econbiz.de/10010268976
This paper considers a matching model with heterogenous jobs (unskilled and skilled) and workers (low and high …
Persistent link: https://www.econbiz.de/10010273737
In some countries including Germany unemployed workers can increase their income during job search by taking up marginal employment up to a threshold without any deduction from their benefits. Marginal employment can be considered as a wage subsidy as it lowers labour costs for firms owing to...
Persistent link: https://www.econbiz.de/10010282487
wage premia and are perceived to have negative consequences for the output mix and productivity. A small job postings … Russian Ministry of Labour data for all legal migrant applications in 2010 and matching the migrant to the sponsoring firm, we …
Persistent link: https://www.econbiz.de/10010291469
productivity. Further, when our model is subjected to skill-upgrading and changes in employee bargaining power, it is capable of … employees' relative productivity, i.e., skill-biased technological change, are unlikely to have caused the increase in income …
Persistent link: https://www.econbiz.de/10010269677