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Unemployment and Wage Rigidity when Labor Supply is a Household Decision

Author

Listed:
  • Basu, K.
  • Genicot, G.
  • Stiglitz, J.

Abstract

The present paper formally models household labor supply decisions and establishes sufficient conditions established, such as the possibility of multiple equilibria in the labor market and how the announcement of a minimum wage policy can result in an overall lowering of wages and also give rise to an equilibirum which display, simultaneously, excess demand and excess supply of labor.

Suggested Citation

  • Basu, K. & Genicot, G. & Stiglitz, J., 2000. "Unemployment and Wage Rigidity when Labor Supply is a Household Decision," Papers 00-01-11, California Irvine - School of Social Sciences.
    • Handle: RePEc:fth:calirv:00-01-11
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    Citations

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    Cited by:

    1. Kaushik Basu, 2006. "Teacher Truancy in India: The Role of Culture, Norms and Economic Incentives," Working Papers id:766, eSocialSciences.
    2. Dengta CHEN & Yinggang ZHOU, 2004. "Rational Panics, Absorbing Regime Switching and Stock Market," Econometric Society 2004 Far Eastern Meetings 680, Econometric Society.
    3. Sonia Bhalotra & Marcela Umaña-Aponte, 2010. "The Dynamics of Women’s Labour Supply in Developing Countries," The Centre for Market and Public Organisation 10/235, The Centre for Market and Public Organisation, University of Bristol, UK.
    4. Basu, Kaushik, 2005. "Labor Laws and Labor Welfare in the Context of the Indian Experience," Working Papers 05-17, Cornell University, Center for Analytic Economics.
    5. repec:unu:wpaper:wp2012-66 is not listed on IDEAS
    6. Umaña-Aponte, Marcela & Bhalotra, Sonia R., 2012. "Women's Labour Supply and Household Insurance in Africa," WIDER Working Paper Series 066, World Institute for Development Economic Research (UNU-WIDER).
    7. Federica Ricaldi & Peter Mousley, 2019. "Measuring Jobs-Linked Externalities in Private Investment Projects," World Bank Publications - Reports 33855, The World Bank Group.
    8. Serrano, Joaquín & Gasparini, Leonardo & Marchionni, Mariana & Glüzmann, Pablo, 2019. "Economic cycle and deceleration of female labor force participation in Latin America," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 53(1), pages 1-13.
    9. Matías Ciaschi & Guido Neidhöfer, 2024. "Job Loss and Household Labor Supply Adjustments in Developing Countries: Evidence from Argentina," The World Bank Economic Review, World Bank, vol. 38(3), pages 558-579.
    10. Delprato, Marcos & Akyeampong, Kwame, 2019. "The effect of working on students’ learning in Latin America: Evidence from the learning survey TERCE," International Journal of Educational Development, Elsevier, vol. 70(C), pages 1-1.
    11. Marcela Umaña-Aponte & Sonia Bhalotra, 2012. "Women's Labour Supply and Household Insurance in Africa," WIDER Working Paper Series wp-2012-066, World Institute for Development Economic Research (UNU-WIDER).
    12. Yinggang ZHOU, 2004. "Rational Panics, Absorbing Regime Switching And Stock Market," Econometric Society 2004 Far Eastern Meetings 681, Econometric Society.

    More about this item

    Keywords

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    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law

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