We show that, in the large-firm search model, employment may decrease even when the level of the introduced minimum wage lies below the equilibrium wage of the laissez-faire economy. Wages also decrease in the presence of ...

2019 ReportManufacturing wage gaps for Group of Seven (G7) large economies and other selected economies, including "emerging" economies with available wage and PPP data (1996-2017).

It is shown that long-held views on the links between minimum wages and human capital arising from on-the-job training are not in general valid in a general equilibrium context. Of the three propositions obtained from ...

During the period 2004 to 2014, as Argentina was recovering from one of its most important economic crisis, there was an important reduction of the education wage premiun, Among the reasons for this behavior we find out ...

The pandemic crisis has been altering key economic variables, such as the unemployment and inflation rates. In this paper, an analysis of minimum wage projections for 2022 is conducted based on unemployment, inflation and ...

Semiparametric methods have been used to assess the impact of policies such as changes in the minimum wage on the distribution of wage earnings. While the methods are in the spirit of the Blinder-Oaxaca decomposition, ...

We study the quantitative impact of a rise in the minimum wage on macroeconomic outcomes such as employment, the stock of capital and the distribution of wages. Our modeling framework is the large-firm search and matching ...