HETEROGENEITY AND THE PUBLIC SECTOR WAGE POLICY

• 成果类型: Article
• 署名作者: Gomes, Pedro
• 署名单位: Universidad Carlos III de Madrid; University of London; Birkbeck University London
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12310
• 发表日期: 2018
• 页码: 1469-1489
• 关键词: labor-market performance; business-cycle; EMPLOYMENT; search; PRIVATE; differentials; equilibrium; INEQUALITY; earnings; britain

摘要

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 U.K. 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.