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In this paper we develop a theory of union bargaining power based on firm-specific skills acquired by the insider work-force. We show that unions increase the bargaining power of insiders only in states of the world in which the firm would like to retain insiders but not hire outsiders. Union...
Persistent link: https://www.econbiz.de/10005666406
employment are determined by optimizing choices in an imperfectly competitive setting. It turns out that underemployment …
Persistent link: https://www.econbiz.de/10005281303
finding, we describe a model of multi-trait matching and inheritance, in which individuals’ attractiveness in the marriage …
Persistent link: https://www.econbiz.de/10009320404
This paper provides a microeconomic model of matching which implies that the standard, reduced form approach, is … misspecified. A simple model is analysed (with help-wanted/employment-needed advertising) where the matching rate depends not only …
Persistent link: https://www.econbiz.de/10005662102
choice of managerial compensation schemes and the manager-firm matching are all endogenous. The model yields predictions on …
Persistent link: https://www.econbiz.de/10005662350
employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non …
Persistent link: https://www.econbiz.de/10005666404
decisions of partnered couples. We consider two separate matching paradigms for agents with heterogeneous abilities - one where … generates greater investment efficiency, romantic matching generates greater allocative efficiency, since more high ability … educational investments and labour force participation based on matching regimes. …
Persistent link: https://www.econbiz.de/10005666457
This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible …
Persistent link: https://www.econbiz.de/10005666594
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625
informative data originating from administrative records. Using a matching estimator for multiple programmes, we find positive …
Persistent link: https://www.econbiz.de/10005666683