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We develop a general equilibrium analysis of the impact of active labour market policy on unemployment, wages and the welfare of the employed. This framework is used to assess the political support in favour of such policies and to relate it to the working of such policies and other parameters...
Persistent link: https://www.econbiz.de/10005662144
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
been overcome and employment is strongly expanding, modified regulations governing shorttime work are still in place. This …
Persistent link: https://www.econbiz.de/10009147409
In this Paper we define and estimate measures of labour market frictions using data on job durations. We compare different estimation methods and different types of data. We propose and apply an unconditional inference method that can be applied to aggregate duration data. It does not require...
Persistent link: https://www.econbiz.de/10005281358
than output, while employment shows a persistent decline. This finding has raised doubts concerning the relevance of the … economy, the flexible price RBC model can match the negative conditional correlation between productivity and employment quite …
Persistent link: https://www.econbiz.de/10005662191
The paper examines the implications of an important aspect of the ongoing reorganization of work – the move from occupational specialization towards multi-tasking – for centralized wage bargaining. The analysis shows how, on account of this reorganization, centralized bargaining becomes...
Persistent link: https://www.econbiz.de/10005662207
This paper examines the implications of labour force growth in one region for wages, employment, and production … linkages between labour force growth in one region and real wage and employment erosion in another are derived. These …
Persistent link: https://www.econbiz.de/10005666533
The paper analyzes a variety of government policies that can stimulate employment when unemployment is generated … may be ineffective. We show how supply side policies can stimulate employment by raising worker productivity or reducing … effect on employment unless these policies stimulate labor productivity, the entry of firms, capital utilization or …
Persistent link: https://www.econbiz.de/10005666572
This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …
Persistent link: https://www.econbiz.de/10005666681
have been associated with employment cuts. Somewhat surprisingly, firm exits did not contribute significantly to aggregate …
Persistent link: https://www.econbiz.de/10005666743