Gorry, Aspen (2010): Minimum Wages and Youth Employment.
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Significant employment differences between the US and Europe are concentrated among young workers. This paper constructs a labor search model that accounts for age patterns of employment. Work experience reduces the probability that workers lose their jobs. By introducing minimum wages, the model explains empirical findings on the effects of minimum wage laws. In addition, the model shows that minimum wages can account for about half of the differences in youth employment between Europe and the United States.
|Item Type:||MPRA Paper|
|Original Title:||Minimum Wages and Youth Employment|
|Keywords:||Minimum wages; youth employment; France; United States|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers > J64 - Unemployment: Models, Duration, Incidence, and Job Search
|Depositing User:||Aspen Gorry|
|Date Deposited:||22. Sep 2010 23:19|
|Last Modified:||12. Feb 2013 22:19|
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