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Between-Group Competition In The Labour Market And The Rising Returns To Skill: US And France 1964-2000

Wasmer, Etienne - C.E.P.R. Discussion Papers - 2001

This Paper describes the changes in the composition of the labour force in the last 35 years and quantifies the substitution of low education / high experience workers by low experience / high education workers by using US and French microdata. The consequences of this substitution on the wage...

Persistent link: https://www.econbiz.de/10005656354

Wage Rigidities in Western Germany: Microeconometric Evidence from the 1990s

Puhani, Patrick A - C.E.P.R. Discussion Papers - 2001

This Paper investigates whether and in what sense the west German wage structure has been ‘rigid’ in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology that makes less restrictive identifying...

Persistent link: https://www.econbiz.de/10005666858

The Economic Performance of Germany's East European Immigrants

Schmidt, Christoph M - C.E.P.R. Discussion Papers - 1994

Germany has experienced a substantial influx of German immigrants from Eastern Europe after World War II and expects … German migrants to West Germany in comparison with native born West Germans. Ethnic German immigrants from Eastern Europe … from East Germany. Similar to foreign guest-workers, German immigrants are more likely to work in blue collar jobs; they do …

Persistent link: https://www.econbiz.de/10005067558

How Large are Search Frictions?

Gautier, Pieter A; Teulings, Coen N - C.E.P.R. Discussion Papers - 2003

This Paper presents strong evidence for the concavity of wages in job and worker characteristics by adding second order terms to a Mincerian earnings function for six OECD countries. Under a standard normality assumption, this concavity cannot be attributed to unobserved components in those...

Persistent link: https://www.econbiz.de/10005666739

How Large are Search Frictions?

Gautier, Pieter A; Teulings, Coen N - C.E.P.R. Discussion Papers - 2005

This paper shows that we can normalize job and worker characteristics such that without frictions there exists a linear relationship between wages on the one hand and worker and job type indices on the other. However, for five European countries and the US we find strong evidence for a...

Persistent link: https://www.econbiz.de/10005792202

Learning for Employment, Innovating for Growth

Falkinger, Josef; Zweimüller, Josef - C.E.P.R. Discussion Papers - 1998

We present a model in which workers have to be educated to get employed and firms have to innovate in order to increase productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning opportunities differ across workers determine...

Persistent link: https://www.econbiz.de/10005114510

Search and Matching in Macroeconomics

Yashiv, Eran - C.E.P.R. Discussion Papers - 2006

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses its extensions, presents alternative formulations, considers the empirical evidence, and studies applications to macroeconomic questions such as business cycles, growth, and...

Persistent link: https://www.econbiz.de/10005792066

Frictional Wage Dispersion in Search Models: A Quantitative Approach

Hornstein, Andreas; Krusell, Per; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2006

Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small amount of frictional wage dispersion, i.e., wage differentials among ex-ante similar workers induced purely by search frictions. We derive this result for a specific measure of...

Persistent link: https://www.econbiz.de/10005124144

Unemployment and Increasing Returns to Human Capital

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994

This paper studies a model of human capital accumulation with real wage rigidity. It is shown that the arbitrage condition between hiring a skilled versus an unskilled worker may be stated as a positive relationship between their relative unemployment rates. It may be the case that this locus is...

Persistent link: https://www.econbiz.de/10005124159

The Effects of Labor Market Conditions on Working Time: the US-EU Experience

Michelacci, Claudio; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2007

We consider a labor market search model where, by working longer hours, individuals acquire greater skills and thereby obtain better jobs. We show that job inequality, which leads to within-skill wage differences, gives incentives to work longer hours. By contrast, a higher probability of losing...

Persistent link: https://www.econbiz.de/10005136435