The minimum wage and labor market outcomes /
Christopher Flinn presents an introduction to a search and bargaining model that can be used to assess the welfare effects of minimum wage changes and to determine an 'optimal' minimum wage.
| Main Author: | |
|---|---|
| Format: | eBook |
| Language: | English |
| Published: |
Cambridge, Mass. :
MIT Press,
©2010.
|
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Christopher Flinn presents an introduction to a search and bargaining model that can be used to assess the welfare effects of minimum wage changes and to determine an 'optimal' minimum wage. "The development of the model and the econometric theory underlying its estimation are carefully presented so as to enable readers unfamiliar with the econometrics of point process models and dynamic optimization in continuous time to follow the arguments. Although most of the book focuses on the case where only the unemployed search for jobs in a homogeneous labor market environment, later chapters introduce on-the-job search into the model, and explore its implications for minimum wage policy. The book also contains a chapter describing how individual heterogeneity can be introduced into the search, matching, and bargaining framework."--Provided by publisher. |
|---|---|
| Physical Description: | 1 online resource (xii, 306 pages) : illustrations |
| ISBN: | 9780262289399 0262289393 |
| DOI: | 10.7551/mitpress/9780262013239.001.0001 |