Minimum wage, on-the-job search and employment: On the sectoral and aggregate equilibrium effect of the mandatory minimum wage

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• 作者：Fré ; dé ; ric Gavrel^a ; ^b ; ^{frederic.gavrel@unicaen.fr} ; Isabelle Lebon^a ; ^b ; ^{isabelle.lebon@unicaen.fr} ; Thé ; rè ; se Rebiè ; re^c ; ^{therese.rebiere@cnam.fr}
• 关键词：J38 ; J42 ; J64
• 刊名：Economic Modelling
• 出版年：2012
• 期刊代码：7_02649993
• 类别：eco
• 出版时间：May, 2012
• 卷：29
• 期：3
• 页码：691-699
• 文件大小：298 K

摘要

We study the impact of a minimum wage in a segmented labor market in which workers are at different stages of their careers. At the end of a learning-by-doing period, workers paid the minimum wage quit 鈥渂ad jobs鈥?for better-paying 鈥済ood jobs鈥? following an on-the-job search process with endogenous search intensity. A rise in the minimum wage reduces 鈥渂ad jobs鈥?creation and prompts workers to keep their 鈥渂ad jobs鈥?by reducing on-the-job search intensity. The ambiguous impact on unqualified employment replicates and explains the findings of several empirical studies. However, a minimum wage rise reduces overall employment and output.