| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7304 |
| DP7304 The Macroeconomics of Money Market Freezes | |
| Javier Suarez; Max Bruche | |
| 发表日期 | 2009-05-24 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | The paper analyzes the influence of minimum wages on firms' incentive to train their employees. We show that this influence rests on two countervailing effects: minimum wages (i) augment wage compression and thereby raise firms' incentives to train and (ii) reduce the profitability of employees, raise the firing rate and thereby reduce training. Our analysis shows that the relative strength of these two effects depends on the employees' ability levels. Our striking result is that minimum wages give rise to skills inequality: a rise in the minimum wage leads to less training for low-ability workers and more training for those of higher ability. In short, minimum wages create a "low-skill trap." We indicate that this effect may be important empirically. Finally, including workers' incentives to train themselves makes no major difference to our results. |
| 主题 | Labour Economics |
| 关键词 | Firm training Minimum wage Skills inequality |
| URL | https://cepr.org/publications/dp7304 |
| 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/536140 |
| 推荐引用方式 GB/T 7714 | Javier Suarez,Max Bruche. DP7304 The Macroeconomics of Money Market Freezes. 2009. |
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