El Departamento de Economía de la Universidad de Chile tiene el agrado de invitar a usted a un nuevo Seminario Académico:

Título - Minimum Wage and Severance Payments in a Frictional Labor Market: Theory and Estimation

Presenta - Carolina Silva (Universidad de Alicante)

Autores - Carolina Silva (Universidad de Alicante)

Abstract - We analyze the effects of minimum wage and severance payments on endogenous job creation and destruction decisions by using a general equilibrium model with search frictions. We then structurally estimate the model using data from Chile, and perform a quantitative welfare analysis. We find that the level of wage dispersion of the sample becomes a critical factor in determining the equilibrium relationship between the policies. When wage dispersion is low, the minimum wage and severance payments behave as substitutes. However, as dispersion in wages increases, these two policies become complements.

El  Seminario  se realizará el miércoles 24 de septiembre de 13:00 a 14.00 hrs, en  la Sala P-308 Tercer Piso del edificio Placa de la Facultad de Economía y Negocios de la Universidad de Chile, ubicada en Diagonal Paraguay 257.