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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/20051
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | van den Berg, Gerard J. | | en_US |
| dc.date.accessioned | | 2009-01-28T16:11:13Z | | - |
| dc.date.available | | 2009-01-28T16:11:13Z | | - |
| dc.date.issued | | 2003 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/20051 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | IZA Discussion paper series 806 | | en_US |
| dc.subject.jel | | J42 | | en_US |
| dc.subject.jel | | D83 | | en_US |
| dc.subject.jel | | J3 | | en_US |
| dc.subject.jel | | C72 | | en_US |
| dc.subject.jel | | J6 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | wages | | en_US |
| dc.subject.keyword | | productivity | | en_US |
| dc.subject.keyword | | job search | | en_US |
| dc.subject.keyword | | unemployment | | en_US |
| dc.subject.keyword | | imperfect information | | en_US |
| dc.subject.keyword | | equilibrium | | en_US |
| dc.subject.keyword | | labor market policy | | en_US |
| dc.subject.keyword | | matching | | en_US |
| dc.subject.keyword | | congestion | | en_US |
| dc.subject.stw | | Arbeitsmarkt | | en_US |
| dc.subject.stw | | Mindestlohn | | en_US |
| dc.subject.stw | | Arbeitsuche | | en_US |
| dc.subject.stw | | Gleichgewichtstheorie | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Multiple Equilibria and Minimum Wages in Labor Markets with Informational Frictions and Heterogeneous Production Technologies | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 366031775 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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| dp806.pdf | | 464.51 kB | Adobe PDF |
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