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Bonus Culture: Competitive Pay, Screening, and Multitasking
Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2013
, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …
Persistent link: https://www.econbiz.de/10011083769
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Fixed-Term Contracts and the Duration Distribution of Unemployment
Güell, Maia - C.E.P.R. Discussion Papers - 2002
In the mid-1980s, many European countries introduced fixed-term contracts. Since then their labour markets have become more dynamic. This Paper studies the implications of such reforms for the duration distribution of unemployment, with particular emphasis on the changes in the duration...
Persistent link: https://www.econbiz.de/10005123695
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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
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Why Do Worker-Firm Matches Dissolve?
Gielen, Anne; Ours, Jan C van - C.E.P.R. Discussion Papers - 2006
In a dynamic labor market worker-firm matches dissolve frequently causing workers to separate and firms to look for replacements. A separation may be initiated by the worker (a quit) or the firm (a layoff), or may result from a joint decision. A dissolution of a worker-firm match may be...
Persistent link: https://www.econbiz.de/10005789184
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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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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
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The Returns to Seniority in France (and Why are They Lower than in the United States?)
Beffy, Magali; Buchinsky, Mosche; Fougère, Denis; … - C.E.P.R. Discussion Papers - 2006
We estimate a model of the joint participation and mobility along with the individuals' wage formation in France. Our model makes it possible to distinguish between unobserved person heterogeneity and state-dependence. We estimate the model using state of the art Bayesian methods employing a...
Persistent link: https://www.econbiz.de/10005123576
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Institutions and Labour Reallocation
Bertola, Giuseppe; Rogerson, Richard - C.E.P.R. Discussion Papers - 1996
conducive to higher employer-initiated job turnover, and argues that wage-setting institutions and job security provisions … differ across countries in ways that are both consistent with rough uniformity of job turnover statistics and readily … job turnover, and marked differences in unemployment flows. …
Persistent link: https://www.econbiz.de/10005123756
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Returns to Tenure or Seniority?
Buhai, Ioan Sebastian; Portela, Miguel; Teulings, Coen N; … - C.E.P.R. Discussion Papers - 2008
This study documents two empirical regularities, using data for Denmark and Portugal. First, workers who are hired last, are the first to leave the firm (Last In, First Out; LIFO). Second, workers’ wages rise with seniority (= a worker’s tenure relative to the tenure of her colleagues). We...
Persistent link: https://www.econbiz.de/10005504553
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Central and East European Labour Markets in Transition: Developments, Causes, and Cures
Franz, Wolfgang - C.E.P.R. Discussion Papers - 1995
The main questions addressed in this paper are: First, how did labour markets in the Visegrad countries react to the breakdown of a command economy and the transformation to a market economy? Second, which way ahead is likely, or to put it differently, what should be done now to improve...
Persistent link: https://www.econbiz.de/10005067622