IDEAS home Printed from https://ideas.repec.org/p/pri/indrel/156.html
   My bibliography  Save this paper

Job Rationing, Unemployment, and Discouraged Workers

Author

Listed:
  • George Cave

    (Princeton University)

Abstract

By combining features of rationing models and hedonic models in a novel way, this paper develops a structural model of categorical labor force behavior to help explain several puzzles in data on unemployment and discouraged workers. It traces the links among minimum wages or other rigidities, hiring and firing decisions by firms, and labor force participa- tion decisions by individuals of differing skill levels. A key comparative static result is that a rise in an effective minimum wage increases the labor force participation of more skilled marginal workers but reduces the participation of less skilled marginal workers.

Suggested Citation

  • George Cave, 1982. "Job Rationing, Unemployment, and Discouraged Workers," Working Papers 536, Princeton University, Department of Economics, Industrial Relations Section..
    • Handle: RePEc:pri:indrel:156
    as

    Download full text from publisher

    File URL: https://dataspace.princeton.edu/bitstream/88435/dsp01nc580m657/1/156.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pri:indrel:156. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bobray Bordelon (email available below). General contact details of provider: https://edirc.repec.org/data/irprius.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.