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Diaz-Vazquez, Pilar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2002

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … employees (entrants) receive their reservation wages. The reason given is that an increase in insider wages gives rise to a … counterveiling fall in reservation wages, leaving the present value of wage costs unchanged. Our analysis contradicts this …

Persistent link: https://www.econbiz.de/10005123530

Patterns of Unemployment: An Insider-Outsider Analysis

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994

The paper presents a stochastic insider-outsider model that accounts for the following stylized facts: (1) unemployment rates display a high degree of serial correlation, or `persistence'; (2) the average rate of unemployment has been higher in the United States than in Europe over the 1950s and...

Persistent link: https://www.econbiz.de/10005789127

The Simple Economics of Benefit Transfers

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994

The paper examines the employment and unemployment implications of permitting unemployed people to use part of their unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment benefits, `benefit transfers', would help replace the...

Persistent link: https://www.econbiz.de/10005067548

Explaining Disparities in Unemployment Dynamics

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993

This paper attempts to explain disparities among the unemployment experiences of different OECD countries in terms of the `fragility' of the short-run unemployment equilibrium (the impact of labour market shocks on the short-run unemployment rate) and the lag structure of the employment...

Persistent link: https://www.econbiz.de/10005114179

A Macro Theory of Employment Vouchers

Orszag, Mike; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996

This paper explores the optimal design of subsidies for hiring unemployed workers (‘employment vouchers’ for short) in the context of a simple macroeconomic model of the labour market. Focusing on the short-term and long-term effects of the vouchers on employment and unemployment, the...

Persistent link: https://www.econbiz.de/10005497832

Incapacity Benefits versus Benefit Transfers

Orszag, Mike; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996

The paper explores the employment implications of allowing people the opportunity of using a portion of their incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this policy could increase employment, raise the incomes of...

Persistent link: https://www.econbiz.de/10005497853

The Labour Market Effects of Payroll Taxes in a Middle-Income Country: Evidence from Colombia

Kugler, Adriana D.; Kugler, Maurice - C.E.P.R. Discussion Papers - 2003

1990s affected the labour market. Our estimates indicate that formal wages fall by between 1.4% and 2.3% as a result of a …

Persistent link: https://www.econbiz.de/10005666748

On the Foundations of Wage Bargaining

Manzini, Paola; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996

This paper provides strategic foundations for the insight that the bargaining power of employees depends on the firm’s labour turnover costs. The analysis shows how these costs determine the firm’s degree of substitutability between two sets of wage negotiations: (i) those the firm conducts...

Persistent link: https://www.econbiz.de/10005791480

Converting Unemployment Benefits into Employment Subsidies

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994

This paper explores the implications of giving unemployed people -- particularly the long-term unemployed -- the opportunity to use part of their unemployment benefits to provide employment vouchers to the firms that hire them. The vouchers would depend positively on unemployment duration and...

Persistent link: https://www.econbiz.de/10005791635

Policy Complementarities: The Case for Fundamental Labour Market Reform

Coe, David T; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...

Persistent link: https://www.econbiz.de/10005791663

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