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Source: Conference on Labor Market Models and Matched Employer-Employee Data
Resulting in 1 citation.
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Eckstein, Zvi Ge, Suqin Petrongolo, Barbara |
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Minimum Wage and Compliance in a Model of Search on-the-Job Presented: Sonderborg, Denmark, Conference of Labor Market Models and Matched Employer-Employee Data, August 2004. Also: http://repec.org/sed2005/up.25119.1104042882.pdf Cohort(s): NLSY79 Publisher: Center for Labour Market and Social Research Keyword(s): Job Search; Minimum Wage; Modeling Permission to reprint the abstract has not been received from the publisher. We estimate a job search model with three main ingredients: (i) search on-the-job; (ii) wage growth on-the-job; and (iii) minimum wages, with potentially imperfect compliance. We use data drawn from the NLSY79 to estimate the parameters of our job search model and, in particular, the extent of compliance to the minimum wage. The model is solved numerically and we use simulated moments to estimate the parameters. The estimated parameters are consistent with the model and they provide a good fit for the observed level and trend of main labor market moments. Furthermore, the arrival rate of job offers below the minimum wage is 40% lower than the arrival rate of job offers above the minimum wage. |
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Bibliography Citation
Eckstein, Zvi, Suqin Ge and Barbara Petrongolo. "Minimum Wage and Compliance in a Model of Search on-the-Job." Presented: Sonderborg, Denmark, Conference of Labor Market Models and Matched Employer-Employee Data, August 2004. |