Heterogeneity and the public sector wage policy
"A model with search and matching frictions and heterogeneous workers was established to evaluate a reform of the public sector wage policy in steady-state. The model was calibrated to the UK economy based on Labour Force Survey data. A review of the pay received by all public sector workers to...
| Main Author: | |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Bonn
2017
IZA |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19395576124911137589-Heterogeneity-and-the-public-s.htm |
| Summary: | "A model with search and matching frictions and heterogeneous workers was established to evaluate a reform of the public sector wage policy in steady-state. The model was calibrated to the UK economy based on Labour Force Survey data. A review of the pay received by all public sector workers to align the distribution of wages with the private sector reduces steady-state unemployment by 1.4 percentage points." |
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| Physical Description: | 30 p. Digital |