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Search models with posting and match-specific heterogeneity generate wage dispersion. Given K values for the match … = 3, we show equilibrium is unique; may have one wage or two; and when there are two, the equilibrium can display any …
Persistent link: https://www.econbiz.de/10005263884
This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage …
Persistent link: https://www.econbiz.de/10005591480
negotiations, the degree of unionization and the system of tripartism, the wage setting mechanism, and labor market programs. The … paper makes an assessment of the flexibility and efficiency of the Cypriot labor market, and in particular, the wage …
Persistent link: https://www.econbiz.de/10005598850
market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment … represents Phillipscurve or wage-curve effects. The paper estimates a dynamic wage equation for the Netherlands using a … both short-run and long-run wage setting. …
Persistent link: https://www.econbiz.de/10005604781
The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough constraints on the demand or supply side. Considerable achievements can be made by maintaining macroeconomic stability, attracting FDI, and closing the educational gaps. The second...
Persistent link: https://www.econbiz.de/10011244331
a tightening labor market, inflation remains subdued. Employment has grown 1¼–1½ percent in 2007, on par with the …
Persistent link: https://www.econbiz.de/10011244374
€”to improve employment rates in Finland. It summarizes recent labor market developments in Finland, and investigates respectively … activate recipients, and focuses on strategies to boost youth employment rates. The paper also discusses the possibility of …
Persistent link: https://www.econbiz.de/10011244764
employment. The medium-term macroeconomic framework plan entails the involvement of both the private and public sectors. Human …
Persistent link: https://www.econbiz.de/10011244942
The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment performance and the flexicurity model. It also presents...
Persistent link: https://www.econbiz.de/10011245015
Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of preserving its hard-earned fiscal and financial stability and enhancing long-term growth prospects. In this regard, adopting a fully fledged medium-term fiscal framework can help assess...
Persistent link: https://www.econbiz.de/10011245026