Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/52014 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 5811
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
We measure labor market frictions using a strategy that bridges design-based and structural approaches: estimating an equilibrium search model using reduced-form minimum wage elasticities identified from border discontinuities and fitted with Bayesian and LIML methods. We begin by providing the first test of U.S. minimum wage effects on labor market flows and find negative effects on employment flows, but not levels. Separations and accessions fall among restaurants and teens, especially those with low tenure. Our estimated parameters of a search model with wage posting and heterogeneous workers and firms imply that frictions help explain minimum wage effects.
Schlagwörter: 
minimum wage
labor market flows
monopsony
Bayesian estimation
JEL: 
C11
C63
J23
J38
J42
J63
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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