Mindestlöhne, Lohndispersion und Arbeitslosigkeit in Suchmodellen. Ein Überblick

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu Abstract Facing the recent German debate on the minimum wage, this paper analyses theoretical effects of minimum wages on employment and wage distribution under a frictional setting. I review new developments in search theory and discuss the influence of the minimum wage on wages and employment under each setting. Therefore, a major theoretical focus of the paper is the integration of heterogeneity on both sides of the market in equilibrium search models. In frictional models, minimum wages are generally binding and redistribute rents from firms to workers. Employment effects are more diverse. In the homogeneous case where workers and firms are identical, minimum wages do not affect employment, while in the heterogenous case theoretical results are mixed. There is no unique connection between unemployment and minimum wages, and the effect can be negative, zero or even positive. A positive effect can arise from a reaction in labor supply. However, the most advanced models, integrating heterogeneity on both sides of the market, seem to support the hypothesis that an increase in the minimum wage generally leads to an increase in unemployment as well. In this case, a social planner faces a trade off between redistribution of rents and unemployment. Terms of use: Documents in Keywords Search friction · Labor market transitions · Wages JEL classification E24 · J21 · J31 · J64A. A. Garloff (u) IAB Hessen, Saonestrasse 2-4, 60528 Frankfurt a.M., Germany e-mail: Alfred.garloff@iab.

Efeitos Dos Pisos Salariais Estaduais Sobre O Mercado De Trabalho: Uma Nova Abordagem Empírica

“…Roppnen (2011) mostra que, na verdade, o impacto depende do tamanho da firma e, portanto, a diferença de resultados reportados neste debate se devia à diferença na composição das respectivas amostras no que diz respeito ao tamanho das firmas. Debates similares ocorreram em outros países -ver, por exemplo, Garloff (2010) para o caso alemão.…”

“…Garloff (2010) mostra que, mesmo dentro da classe de modelos de busca, há uma ambiguidade sobre a direção do efeito de pisos salariais sobre o emprego.…”

Making Economic Growth more Socially Inclusive in Germany

“…A minimum wage may be an effective instrument to reduce the dispersion of wages while preserving employment prospects (Garloff, 2010;Card and Krueger, 1995). It may also limit the need for benefit top-ups the government pays to low-wage recipients.…”

Essays on labor economics

“…the inverse of the estimates' standard errors, 1/SE). 108 However, the real problem of publication selection does not lie in the results themselves and in the existence of publication biasness but the importance is in fact that the large biases can impart upon any summary of empirical knowledge if we do not correct it. Therefore, it is essential to investigate if the elasticities of the meta-sample are characterized by publication selection biasness.…”

“…Van den Berg and Ridder (1998) extended the Burdett-Mortensen model by assuming heterogeneity in firm and worker productivity; under these assumptions, the minimum wage acts as a selection device that forces some firms out of business and leads some individuals in low productivity industries to become permanently unemployed. 41 Lastly, if someone wants to see a recent review on the new developments that have been made in search theory, it is suggested to study a paper of Garloff (2008) where apart from this review, he analyses theoretical effects of minimum wages on employment (and the wage distribution) under a frictional setting. In the homogenous case minimum wages did not affect employment, while in the heterogeneous case theoretical results were mixed.…”