Good Jobs versus Bad Jobs Acemoglu, Daron

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Author
Acemoglu, Daron
Appears In
Journal of Labor Economics
Subjects
Employment -- Models; Labor market -- Models; Occupations -- Models
Audience
Academic; Trade
Summary
This article develops a model of noncompetitive labor markets in which high-wage (good) and low-wage (bad) jobs coexist. Minimum wages and unemployment benefits shift the composition of employment toward high-wage jobs. Because the composition of jobs in the laissez-faire equilibrium is inefficiently biased toward low-wage jobs, these labor market regulations increase average labor productivity and may improve welfare.
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http://trove.nla.gov.au/work/184191
Work ID
184191

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