Showing 1 - 10 of 124
This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment …
Persistent link: https://www.econbiz.de/10009352263
This paper asks: What is the effect of government policy on output and inequality in an environment with education and labor-supply decisions? The answer is given in a general equilibrium model, consistent with the post 1960s facts on male wage inequality and labor supply in the U.S. In the...
Persistent link: https://www.econbiz.de/10005808302
The author quantitatively studies the interaction between education and occupation choices and its implication for the relationship between the changes in earnings inequality and the changes in wealth inequality in the United States over the 1983–2001 period. Among households whose head is a...
Persistent link: https://www.econbiz.de/10005162518
In this paper we develop a quantitative model of entrepreneurial activity (risk-taking) and consumer bankruptcy choices and use the model to study the effects of bankruptcy regulations on entrepreneurial activity, bankruptcy rate and welfare. We show that eliminating bankruptcy exemptions leads...
Persistent link: https://www.econbiz.de/10005673329
In this paper, we use firm-level wage and employment data to address whether there is evidence of downward nominal …-wage rigidity, and whether that rigidity is associated with a reduction in employment. We describe an estimation bias that can … result when estimating reduced-form wage and employment equations and suggest a way of controlling for that bias. The …
Persistent link: https://www.econbiz.de/10005808403
This paper discusses broad trends in labour force participation and part-time employment across different age groups …, weak business conditions appear to be the main driver behind the shift toward part-time employment since the Great …
Persistent link: https://www.econbiz.de/10011253081
In a recent paper, Chang, Gomes, and Schorfheide (2002) extend the standard real business cycle (RBC) model to allow for a learning-by-doing (LBD) mechanism whereby current labour supply affects future productivity. They show that this feature magnifies the propagation of shocks and improves the...
Persistent link: https://www.econbiz.de/10005808331
The hypothesis of intertemporal substitution in labour supply has a history of empirical failure when confronted with aggregate time-series data. The authors show that a two-dimensional labour supply model, adapted to an environment with money as originally proposed by Lucas and Rapping (1969)...
Persistent link: https://www.econbiz.de/10005162401
In this paper, we examine how the effect of movements in the real exchange rate on manufacturing plants depends on the plant’s placement within the productivity distribution. Appreciations of the local currency expose domestic plants to more competition from abroad as export opportunities...
Persistent link: https://www.econbiz.de/10008679908
This paper studies the choice between general and specific human capital. A trade-off arises because general human capital, while less productive, can easily be reallocated across firms. Accordingly, the fraction of individuals with specific human capital depends on the amount of uncertainty in...
Persistent link: https://www.econbiz.de/10005162447