Does public sector employment buffer the minimum wage effects?

被引：1
|
作者：
Navarro, Lucas [1 ]
Tejada, Mauricio M. [2 ]
机构：
[1] Univ Nacl Cordoba, Dept Econ & Finance, Bv Enrique Barros Ciudad Univ,X5000HRV, Cordoba, Argentina
[2] Univ Alberto Hurtado, Dept Econ, Erasmo Escala 1835 Off 211, Santiago 8340539, Chile
来源：
REVIEW OF ECONOMIC DYNAMICS | 2022年 / 43卷
关键词：
Search frictions; Public sector employment; Minimum wage; LABOR-MARKET; SEARCH; DIFFERENTIALS; PRIVATE; MODELS;
D O I：
10.1016/j.red.2021.02.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper studies the impact of a minimum wage policy in a labor market with a private and a public sector. We develop a two-sector search and matching model with minimum wage and heterogeneous workers in their human capital. We structurally estimate the model using data for Chile, a country with a large fraction of employment in the public sector and a binding minimum wage. Counterfactual analysis shows that institutional features of public sector employment reduce labor market frictions and mitigate the negative effect of the minimum wage on unemployment and welfare. (c) 2021 Elsevier Inc. All rights reserved.
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页码：168 / 196
页数：29
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