The minimum wage and labor market outcomes / Christopher J. Flinn.
2010
HD4917 .F58 2010eb
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Details
Title
The minimum wage and labor market outcomes / Christopher J. Flinn.
ISBN
9780262289399 (electronic bk.)
0262289393 (electronic bk.)
9780262013239 (hardcover)
0262013231 (hardcover)
0262289393 (electronic bk.)
9780262013239 (hardcover)
0262013231 (hardcover)
Publication Details
Cambridge, Mass. : MIT Press, ©2010.
Language
English
Description
1 online resource (xii, 306 pages) : illustrations
Call Number
HD4917 .F58 2010eb
Dewey Decimal Classification
331.2/3
Summary
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.
"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.
Note
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.
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Source of Description
OCLC-licensed vendor bibliographic record.
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