Good Jobs versus Bad Jobs
Journal of Labor Economics
2001
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. Copyright 2001 by University of Chicago Press.
- DOI
- 10.1086/209978
- Volume
- 19 (1)
- Pages
- 1-21
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref