ALLOCATING JOBS UNDER A MINIMUM-WAGE - QUEUES VS LOTTERIES

被引:3
|
作者
GANG, IN [1 ]
TOWER, E [1 ]
机构
[1] DUKE UNIV, DURHAM, NC 27706 USA
关键词
D O I
10.1111/j.1475-4932.1990.tb01721.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper we provide a simple diagrammatic technique for incorporating variable labour supply into the specific factors model We then use the framework to analyze the positive and normative effects of a minimum wage both with a broadly based employment lottery (on‐the‐job search) and with an employment queue (the Harris‐Todaro case). We discover that with a given minimum wage replacing the queue with a lottery may be welfare reducing. Copyright © 1990, Wiley Blackwell. All rights reserved
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页码:186 / 194
页数:9
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