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| Dublin Core |
PKP Metadata Items |
Metadata for this Document |
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| 1. |
Title |
Title of document |
Wage Dispersion and the Minimum Wage Spike in a Search Economy With Wage-Posting |
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| 2. |
Creator |
Author's name, affiliation, country |
Natalya Y Shelkova; Guilford College; United States |
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| 3. |
Subject |
Discipline(s) |
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| 3. |
Subject |
Keyword(s) |
search, wage-posting, minimum wage, minimum wage spike, wage dispersion |
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| 3. |
Subject |
Subject classification |
J30, J64, E24 |
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| 4. |
Description |
Abstract |
Wage distributions in economies with mandated minimum wage exhibit both wage dispersion and wage clustering known as the minimum wage spike. The paper builds a search-theoretic model that reconciles the two phenomena simultaneously under the assumptions of wage-posting, urn-ball matching, rm heterogeneity, and wage-dependent search cost. Numerical simulations demonstrate the potency of the model. A non-degenerate minimum wage spike and wage dispersion are obtained. The model also shows that a higher, non-binding minimum wage can be associated with greater employment (and higher wages), previously found in empirical studies. |
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| 5. |
Publisher |
Organizing agency, location |
University of Perugia |
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| 6. |
Contributor |
Sponsor(s) |
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| 7. |
Date |
(YYYY-MM-DD) |
2016-06-10
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| 8. |
Type |
Status & genre |
Peer-reviewed Article |
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| 8. |
Type |
Type |
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| 9. |
Format |
File format |
PDF |
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| 10. |
Identifier |
Uniform Resource Identifier |
http://www.rei.unipg.it/rei/article/view/195 |
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| 10. |
Identifier |
Digital Object Identifier |
http://dx.doi.org/10.5202/rei.v7i1.195 |
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| 11. |
Source |
Title; vol., no. (year) |
Review of Economics and Institutions; Vol 7, No 1 (2016) |
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| 12. |
Language |
English=en |
en |
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| 13. |
Relation |
Supp. Files |
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| 14. |
Coverage |
Geo-spatial location, chronological period, research sample (gender, age, etc.) |
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| 15. |
Rights |
Copyright and permissions |
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