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Title: Job and Wage Mobility with Minimum Wages and Imperfect Compliance
Resulting in 1 citation.
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Eckstein, Zvi Ge, Suqin Petrongolo, Barbara |
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Job and Wage Mobility with Minimum Wages and Imperfect Compliance Journal of Applied Econometrics 26,4 (June-July 2011): 580. Also: http://www.econ.queensu.ca/jae/forthcoming/eckstein-ge-petrongolo/ Cohort(s): NLSY79 Publisher: Wiley Online Keyword(s): Job Search; Labor Force Participation; Life Cycle Research; Modeling; Wage Dynamics; Wage Growth Permission to reprint the abstract has not been received from the publisher. We propose a job search model with minimum wage regulations and imperfect compliance to explain the doubling of the mean and variance of hourly earnings of white males during the first eighteen years of labor market experience. The model encompasses job mobility and on-the-job wage growth as sources of wage dynamics, and is estimated by simulated GMM using data from the NLSY79. Our estimates provide a good fit for the observed levels and trends of the main job and wage mobility data, and for the increase in the mean and variance of wages over the life cycle, as well as for the fall in the fraction of workers paid below the minimum wage. Job mobility explains 40% to 50% of the observed wage growth. Increases in the minimum wage and/or compliance deliver small effects on the wage distribution and the nonemployment rate. Copyright of Journal of Applied Econometrics is the property of John Wiley & Sons, Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
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Bibliography Citation
Eckstein, Zvi, Suqin Ge and Barbara Petrongolo. "Job and Wage Mobility with Minimum Wages and Imperfect Compliance." Journal of Applied Econometrics 26,4 (June-July 2011): 580.
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