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This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10004961441
that an overall increase in risk aversion contributes to wage moderation and promotes employment. …
Persistent link: https://www.econbiz.de/10005703281
-savings" effect they may leave unaffected, or even increase, total native employment of less skilled workers. Our model also predicts … positive net effect on native employment while offshoring has no effect on it. We also find some evidence that offshoring has …
Persistent link: https://www.econbiz.de/10008828392
labor market, looking at both wage and employment effects. Using the Regional File of the IAB Employment Subsample for the … employment levels. It had instead adverse employment and wage effects on previous waves of immigrants. This stems from the fact …
Persistent link: https://www.econbiz.de/10004965200