HETEROGENEITY AND THE PUBLIC SECTOR WAGE POLICY

Pedro Gomes

International Economic Review, 2018, vol. 59, issue 3, 1469-1489

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 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.

Date: 2018
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https://doi.org/10.1111/iere.12310

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Working Paper: Heterogeneity and the Public Sector Wage Policy (2017)
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