search query: @indexterm Unemployment duration / total: 21
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| Author: | Larsen, B. |
| Title: | Minimum wages, technological progress and loss of skill |
| Journal: | European Economic Review
2001 : AUG, VOL. 45:8, p. 1521-1544 |
| Index terms: | MINIMUM WAGE PRODUCTIVITY SKILLS UNEMPLOYMENT DURATION |
| Language: | eng |
| Abstract: | This paper considers the effect of a skill biased productivity shock in the case where the unemployed worker risks a loss of skill. This divides the workers into short- and long-term unemployed. The short-term unemployed and long-term unemployed search for employment in the most productive sector and in the antiquated sector, respectively. The implications of a shock with a minimum wage law are compared to the implications when wages are perfectly flexible. |
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