Search intensity, wage dispersion and the minimum wage
| Autor: | Pieter A. Gautier, José Luis Moraga-González |
|---|---|
| Přispěvatelé: | Research programme EEF, Economics, Tinbergen Institute |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Organizational Behavior and Human Resource Management
Economics and Econometrics Labour economics DIFFERENTIALS media_common.quotation_subject Search intensity Wage Wage dispersion Efficiency wage 0502 economics and business Economics Wage share 050207 economics Minimum wage Rent-seeking 050205 econometrics media_common UNEMPLOYMENT ComputingMilieux_THECOMPUTINGPROFESSION 05 social sciences MULTIPLE APPLICATIONS SDG 8 - Decent Work and Economic Growth SDG 10 - Reduced Inequalities Compensating differential MODEL Unemployment |
| Zdroj: | Labour Economics, 50(S1), 80-86. ELSEVIER SCIENCE BV Labour Economics, 50, 80-86. Elsevier Gautier, P A & Moraga-González, J L 2018, ' Search intensity, wage dispersion and the minimum wage ', Labour Economics, vol. 50, pp. 80-86 . https://doi.org/10.1016/j.labeco.2017.04.003 |
| ISSN: | 0927-5371 |
| DOI: | 10.1016/j.labeco.2017.04.003 |
| Popis: | We study a labor market where employers post wages and workers simultaneously choose the number of applications they send out. Firms offer the job to a worker at random; workers with multiple offers pick the best one. If the application costs are sufficiently low, workers contact multiple firms and there is wage dispersion in equilibrium. The number of applications workers send out is excessive from a welfare perspective due to a rent seeking externality. A mandatory minimum wage increases the mean and reduces the variance of the wage distribution. The net effect on welfare is ambiguous. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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