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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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Interpreting European and US Labour Market Differences: The Specificity of Human Capital Investments
Wasmer, Etienne - C.E.P.R. Discussion Papers - 2003
This Paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favours specific human capital investments....
Persistent link: https://www.econbiz.de/10005124257
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Wages and Worker Displacement in Germany
Burda, Michael C; Mertens, Antje - C.E.P.R. Discussion Papers - 1998
This paper investigates the effect of displacement on wages of socially insured German workers, who became unemployed in 1986. Because detailed information on job loss is unavailable, displacement status is predicted using a probit, estimated on the German Socioeconomic Panel. In contrast to US...
Persistent link: https://www.econbiz.de/10005792243
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Monitoring Job Offer Decisions, Punishments, Exit to Work, and Job Quality
den Berg, Gerard J van; Vikström, Johan - C.E.P.R. Discussion Papers - 2009
Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search requirements are violated. We analyze the effect of sanctions on the ensuing job quality, notably on wage rates and hours worked, and we examine how often a sanction leads to a lower...
Persistent link: https://www.econbiz.de/10008528530
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New Business Start-ups and the Business Cycle
Coles, Melvyn G; Kelishomi, Ali Moghaddasi - C.E.P.R. Discussion Papers - 2011
This paper considers new business start-up activity within a stochastic equilibrium model of unemployment. The resulting job creation process is both natural and tractable, and generates equilibrium unemployment and vacancy dynamics which match the volatility and persistence observed in the...
Persistent link: https://www.econbiz.de/10009321840
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How local are labor markets? Evidence from a spatial job search model
Manning, Alan; Petrongolo, Barbara - C.E.P.R. Discussion Papers - 2011
This paper uses data on very small UK geographies to investigate the effective size of local labor markets. Our approach treats geographic space as continuous, as opposed to a collection of non-overlapping administrative units, thus avoiding problems of mismeasurement of local labor markets...
Persistent link: https://www.econbiz.de/10009364999
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A Test Between Unemployment Theories Using Matching Data
Coles, Melvyn G; Petrongolo, Barbara - C.E.P.R. Discussion Papers - 2002
A new methodology is described which tests between various equilibrium theories of unemployment using matching data. The Paper shows how to correct econometrically for temporal aggregation effects, where the econometrician’s aim is to identify a matching process using data which is recorded...
Persistent link: https://www.econbiz.de/10005123575
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The European Employment Experience
Ljungqvist, Lars; Sargent, Thomas J - C.E.P.R. Discussion Papers - 2002
Similar durations but lower flows into unemployment gave Europe lower unemployment rates than the United States until the 1970's. But since 1980, higher durations have kept unemployment rates in Europe persistently higher than in the U.S. A general equilibrium search model with human capital...
Persistent link: https://www.econbiz.de/10005123735
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Shooting the Auctioneer
Farmer, Roger E A - C.E.P.R. Discussion Papers - 2005
Most dynamic stochastic general equilibrium models (DSGE) of the macroeconomy assume that labour is traded in a spot market. Two exceptions (Andolfatto [3], Merz [11]) combine the two-sided search model of Mortenson and Pissarides, [14], [13], [15] with a one-sector real business cycle model....
Persistent link: https://www.econbiz.de/10005124199
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Employee Referrals and Efficiency Wages
Kugler, Adriana D. - C.E.P.R. Discussion Papers - 2002
, firms in high-wage sectors report using employee referrals because they help provide screening and monitoring of new … of employee referrals. Referrals lower monitoring costs because high-effort referees can exert peer pressure on co … because of heterogeneity in the size of referral networks. Referrals match ‘good’ high-paying jobs to well-connected workers …
Persistent link: https://www.econbiz.de/10005124260