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The Minimum Wage and Labor Market Outcomes

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Christopher Flinn presents an introduction to a search & bargaining model that can be used to assess the welfare effects of minimum wage changes & 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.OCLC-licensed vendor bibliographic record.

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Detail Information

Series Title

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Call Number

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Publisher

Cambridge, Massachusetts : The MIT Press., 2011

Collation

1 online resource (xii, 306 pages) :illustrations

Language

English

ISBN/ISSN

9780262289399

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Minimum wage.
Labor market.

Specific Detail Info

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Statement of Responsibility

Christopher J. Flinn.

Other Information

Cataloger

reva

Source

https://direct.mit.edu/books/monograph/2156/The-Minimum-Wage-and-Labor-Market-Outcomes

Validator

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Digital Object Identifier (DOI)

https://doi.org/10.7551/mitpress/9780262013239.001.0001

Journal Volume

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