| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2863 |
| DP2863 Bookbuilding: How Informative is the Order Book? | |
| Francesca Cornelli; David Goldreich | |
| 发表日期 | 2001-06-18 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | Changes in legislation in mid-80s Portugal provide remarkable conditions for economic analysis, as the minimum wage increased very sharply for a very specific group of workers. Relying on a matched employer-employee panel dataset, we model gross job flows - accessions and separations - in continuing firms, as well as in new firms and those going out of business, using a Poisson regression model applied to proportions. Worker behavior is as well modeled. Employment trends for teenagers, the affected group, are contrasted against older workers, before and after the rise in the youth minimum wage. The major effect on teenagers of a rising minimum wage is the reduction of separations from the employer, which compensates for the reduction of accessions (to new and continuing firms) and the rising dismissals from firms closing down. Indications that job attachment for low wage youngsters rises following an increase in their minimum wage suggest the relevance of supply side factors overcoming demand forces. In this sense, our results can reconcile some of the previous evidence that has been presented in the empirical literature when analysing the overall impact of the minimum wage on youth employment without looking at its sources. |
| 主题 | Labour Economics |
| 关键词 | Minimum wage Employment |
| URL | https://cepr.org/publications/dp2863 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531904 |
| 推荐引用方式 GB/T 7714 | Francesca Cornelli,David Goldreich. DP2863 Bookbuilding: How Informative is the Order Book?. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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