Format du dépôt |
Notice |
Type de dépôt |
Article dans une revue |
Titre |
en
Wages, selectivity, and vacancies: Evaluating the short-term and long-term impact of the minimum wage on unemployment
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Résumé |
en
Using a circular matching model (Marimon R, Zilibotti F. Unemployment vs. mismatch of talents: Reconsidering unemployment benefits. Economic Journal 1999;109; 266–291), where the wage setting is similar to Weiss (Weiss A. Job queues and layoffs in labor markets with flexible wages. Journal of Political Economy 1980; 88; 526–538), we reexamine Card and Krueger's (Card, D., Krueger, A. Myth and Measurement, the New Economics of the Minimum Wage. Princeton University Press; 1995) intuition on the impact of the minimum wage on unemployment. In the short term, a rise in the minimum wage increases the employment level by making firms less selective. In the long term, numerical simulations show that, despite the reduction of job creation, introducing a minimum wage may lower unemployment as soon as workers and jobs are sufficiently differentiated. However, beyond some limit, the wage increase raises unemployment whatever the degree of differentiation is.
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Auteur(s)
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Frédéric Gavrel
1
, Isabelle Lebon
1
, Thérèse Rebière
2
1
CREM -
Centre de recherche en économie et management
( 894 )
- 7 place Hoche, BP 86514
35065 RENNES CEDEX
- France
-
Université de Caen Normandie ( 7127 )
;
-
Normandie Université ( 455934 )
;
-
Université de Rennes ( 105160 )
;
-
Centre National de la Recherche Scientifique UMR6211 ( 441569 )
2
CERENE -
Centre d'Etude et de Recherche en économiE et gestioN LogistiquE
( 116471 )
- Faculté des Affaires Internationales - 25 rue Philippe Lebon BP420 - 76 057 Le Havre cedex
- France
-
Université Le Havre Normandie EA 3223 ( 300317 )
;
-
Normandie Université ( 455934 )
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Langue du document |
Anglais
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Nom de la revue |
|
Vulgarisation |
Non
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Comité de lecture |
Oui
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Audience |
Internationale
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Date de publication |
2010
|
Volume |
27
|
Numéro |
5
|
Page/Identifiant |
1274-1281
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Domaine(s) |
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Sciences de l'Homme et Société/Economies et finances
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Mots-clés (JEL) |
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E - Macroeconomics and Monetary Economics/E.E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy/E.E2.E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity
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J - Labor and Demographic Economics/J.J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers/J.J6.J64 - Unemployment: Models, Duration, Incidence, and Job Search
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J - Labor and Demographic Economics/J.J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers/J.J6.J65 - Unemployment Insurance • Severance Pay • Plant Closings
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Mots-clés |
en
Differentiation of skills, hiring, minimum wage, search unemployment
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DOI |
10.1016/j.econmod.2010.02.001 |