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    Heterogeneity and the public sector wage policy

    Gomes, Pedro (2018) Heterogeneity and the public sector wage policy. International Economic Review 59 (3), pp. 1469-1489. ISSN 1468-2354.

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    Abstract

    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.

    Metadata

    Item Type: Article
    Additional Information: This is the peer reviewed version of the article, which has been published in final form at the link above. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
    Keyword(s) / Subject(s): Public sector employment, public sector wages, public sector wage premium, unemployment, skilled workers, worker heterogeneity
    School: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centres and Institutes: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Pedro Gomes
    Date Deposited: 12 Oct 2017 09:41
    Last Modified: 10 Jun 2021 14:56
    URI: https://eprints.bbk.ac.uk/id/eprint/20042

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