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Wage Inequality in a Frictional Labor Market

Shapiro, Joel - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

Wage inequality in the United States has grown substantially in the past two decades. Standard supply-demand analysis in the empirics of inequality (e.g. Katz and Murphy (1992)) indicates that we may attribute some of this trend to an outward shift in the demand for high skilled labor. In this...

Persistent link: https://www.econbiz.de/10010547287

A Positive Theory of Geographic Mobility and Social Insurance

Hassler, John; Mora, José Vicente Rodríguez - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

Evidence suggests that unemployed individuals sometimes can affect their job prospects by undertaking a costly action like deciding to move or retrain. Realistically, such an opportunity arises only for some individuals and the identity of those is unobservable. Unemployment insurance should...

Persistent link: https://www.econbiz.de/10010547525

Search and Matching in the Labor Market without Unemployment Insurance

Obiols-Homs, Francesc - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We study the effect of market incompleteness in a search model of the labor market in which the distribution of … idiosyncratic uncertainty is determined endogenously. We show that costly search introduces a wealth effect at low levels of wealth … choose not to search. The effect of the market arrangement remains dramatically large. …

Persistent link: https://www.econbiz.de/10011152453

Business Cycles, Unemployment Insurance and the Calibration of Matching Models

Costain, James; Reiter, Michael - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

response of unemployment to labor market policies, but it cannot do both. Variable search and separation, finite UI benefit …

Persistent link: https://www.econbiz.de/10010851487

A Positive Theory of Geographic Mobility and Social Insurance

Hassler, John; Mora, José Vicente Rodríguez; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

This paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of...

Persistent link: https://www.econbiz.de/10010547410

Stabilization versus insurance: welfare effects of procyclical taxation under incomplete markets

Costain, James S.; Reiter, Michael - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

We construct and calibrate a general equilibrium business cycle model with unemployment and precautionary saving. We compute the cost of business cycles and locate the optimum in a set of simple cyclical fiscal policies. Our economy exhibits productivity shocks, giving firms an incentive to hire...

Persistent link: https://www.econbiz.de/10010547417