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Labor Policy in a Dynamic Search-Matching Model with Heterogeneous Workers and Firms

Author

Listed:
  • Jeremy Lise

    (University of Minnesota)

  • Jean Marc Robin

    (Sciences Po)

  • Julien Pascal

    (Sciences Po)

Abstract

We introduce a minimum wage in Lise, Robin. We could also introduce a labor tax on output p and use is to finance unemployment. Budget balanced in the long run. Questions are: 1) Optimal minimum wage – starting from our estimates in Lise, Robin, which could be interpreted as corresponding to an economy without a legal minimum wage. 2) Optimal conduct of labor policy across the business cycle.

Suggested Citation

  • Jeremy Lise & Jean Marc Robin & Julien Pascal, 2018. "Labor Policy in a Dynamic Search-Matching Model with Heterogeneous Workers and Firms," 2018 Meeting Papers 341, Society for Economic Dynamics.
    • Handle: RePEc:red:sed018:341
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    References listed on IDEAS

    as
    1. repec:spo:wpmain:info:hdl:2441/2gm7u1h28o97arriihp43sr90l is not listed on IDEAS
    2. Jeremy Lise & Jean-Marc Robin, 2017. "The Macrodynamics of Sorting between Workers and Firms," American Economic Review, American Economic Association, vol. 107(4), pages 1104-1135, April.
    3. Fabien Postel-Vinay & Jean-Marc Robin, 2002. "Equilibrium Wage Dispersion with Worker and Employer Heterogeneity," Econometrica, Econometric Society, vol. 70(6), pages 2295-2350, November.
    4. Fabien Postel-Vinay & Jean-Marc Robin, 2002. "Equilibrium Wage Dispersion with Worker and Employer Heterogeneity," Post-Print hal-03458567, HAL.
    5. repec:spo:wpmain:info:hdl:2441/c8dmi8nm4pdjkuc9g8grh35j2 is not listed on IDEAS
    6. repec:spo:wpmain:info:hdl:2441/dc0ckec3fcb29ms985085gkbp is not listed on IDEAS
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