Minimum wage, unemployment and international migration
نویسندگان
چکیده
منابع مشابه
Household Labor Supply, Unemployment and Minimum Wage Legislation
The supply behavior of labor frequently depends on the demand conditions that prevail on the labor market. If demand is inadequate, households may send additional household members, who otherwise would not have worked, to look for work, for fear that the main income earner may lose his job. This paper is a study of the theoretical consequences of this ’’added worker’’ affect. It is shown that t...
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In economies where the price of labour is determined outside of competitive markets the question arises as to whether the observed evolution of wages is likely to contribute to a decline in unemployment. I develop and discuss a benchmark, the neutral wage policy, to which the actual evolution of wages can be compared. Here, neutrality refers to the unemployment rate and not to the level of empl...
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Workers in less-secure jobs are often paid less than identical-looking workers in more secure jobs. We show that this lack of compensating differentials for unemployment risk can arise in equilibrium when all workers are identical and firms differ only in job security (i.e. the probability that the worker is not sent into unemployment). In a setting where workers search for new positions both o...
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Examination of cross-section data on non-contractual construction workers in Egypt reveals strong attachment to the sector despite extreme demand instability. Also present are statistically significant wage differentials between construction trades that cannot be attributed to differential costs of skill acquisition. These observations suggest that employers might be compensating their non-cont...
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The reservation wage is an integral part of most theories of involuntary unemployment. We use panel data to examine the empirical determinants of the reservation wage in particular the inßuence of previous wages and consider what this implies for the evolution of the natural rate of unemployment. We Þnd that previous wages have a signiÞcant but relatively small effect on reservation wages (...
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ژورنال
عنوان ژورنال: The Journal of International Trade & Economic Development
سال: 1993
ISSN: 0963-8199,1469-9559
DOI: 10.1080/09638199300000009