| dc.creator |
van den Berg, Gerard J. |
|
| dc.date |
2003 |
|
| dc.date.accessioned |
2013-10-16T07:08:18Z |
|
| dc.date.available |
2013-10-16T07:08:18Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/20051 |
|
| dc.identifier |
ppn:366031775 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/20051 |
|
| dc.description |
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 lowest wage in the market exceeds the minimum wage. The model has multiple equilibria as a result of the fact that the reservation wage of the unemployed and the lowest production technology in use affect each other. Imposition of a minimum wage may improve social welfare. |
|
| dc.language |
eng |
|
| dc.publisher |
|
|
| dc.relation |
IZA Discussion paper series 806 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
J42 |
|
| dc.subject |
D83 |
|
| dc.subject |
J3 |
|
| dc.subject |
C72 |
|
| dc.subject |
J6 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
wages |
|
| dc.subject |
productivity |
|
| dc.subject |
job search |
|
| dc.subject |
unemployment |
|
| dc.subject |
imperfect information |
|
| dc.subject |
equilibrium |
|
| dc.subject |
labor market policy |
|
| dc.subject |
matching |
|
| dc.subject |
congestion |
|
| dc.subject |
Arbeitsmarkt |
|
| dc.subject |
Mindestlohn |
|
| dc.subject |
Arbeitsuche |
|
| dc.subject |
Gleichgewichtstheorie |
|
| dc.subject |
Theorie |
|
| dc.title |
Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies |
|
| dc.type |
doc-type:workingPaper |
|