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- W3122594591 abstract "We study the impact of a minimum wage in a segmented labor market in which workers are at different stages of their careers. At the end of a learning-by-doing period, workers paid the minimum wage quit bad jobs for better-paying good jobs, following an on-the-job search process with endogenous search intensity. A rise in the minimum wage reduces bad jobs creation and prompts workers to keep their bad jobs by reducing on-the-job search intensity. The ambiguous impact on unqualified employment replicates and explains the findings of several empirical studies. However, a minimum wage rise reduces overall employment and output. Download Info" @default.
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- W3122594591 date "2012-01-01" @default.
- W3122594591 modified "2023-09-27" @default.
- W3122594591 title "Minimum wage, on-the-job search and employment: On the sectoral and aggregate equilibrium effect of the mandatory minimum wage" @default.
- W3122594591 hasPublicationYear "2012" @default.
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