Showing 1 - 10 of 8,025
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/10013319881
We analyze a stochastic equilibrium contract-posting model. Firms post employment contracts, wages contingent on all payoff-relevant states. Aggregate productivity is subject to persistent shocks. Both employed and unemployed workers search randomly for these contracts, and are free to quit at...
Persistent link: https://www.econbiz.de/10014197572
We examine the labor market effects of incomplete information about the workers' own job-finding process. Search outcomes convey valuable information, and learning from search generates endogenous heterogeneity in workers' beliefs about their job-finding probability. We characterize this process...
Persistent link: https://www.econbiz.de/10013153145
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 wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10011302622
Persistent link: https://www.econbiz.de/10001504335
Persistent link: https://www.econbiz.de/10001504650
Persistent link: https://www.econbiz.de/10001431978
Persistent link: https://www.econbiz.de/10000991201
Persistent link: https://www.econbiz.de/10000937938
Persistent link: https://www.econbiz.de/10001328734