Heterogeneity and the Public Sector Wage Policy
Autor: | Gomes, Pedro Maia |
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Jazyk: | angličtina |
Rok vydání: | 2017 |
Předmět: | |
Popis: | A model with search and matching frictions and heterogeneous workers was established to evaluate a reform of the public sector wage policy in steady-state. The model was calibrated to the UK economy based on Labour Force Survey data. A review of the pay received by all public sector workers to align the distribution of wages with the private sector reduces steady-state unemployment by 1.4 percentage points. |
Databáze: | OpenAIRE |
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