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Unemployment Vouchers versus Low-Wage Subsidies

Orszag, J. Michael; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002

granted to all low-wage earners regardless of their employment history and are of limitless duration. Our analysis indicates … workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be …

Persistent link: https://www.econbiz.de/10005247692

An Incentive Theory of Matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2009

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

Unemployment in the European Union: A Dynamic Reappraisal

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...

Persistent link: https://www.econbiz.de/10005703234

Unemployment in the European Union: Institutions, Prices, and Growth

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2003

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10005703238

Centralized Bargaining, Multi-Tasking and Work Incentives

Lindbeck, Assar; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999

The paper examines the implications for wage bargaining of an important aspect of the ongoing reorganization of work - the move from occupational specialization toward multi-tasking. The analysis shows how, on account of such reorganization, centralized bargaining becomes increasingly...

Persistent link: https://www.econbiz.de/10005703276

Risk Aversion and Trade Union Membership

Goerke, Laszlo; Pannenberg, Markus - Institute for the Study of Labor (IZA) - 2008

that an overall increase in risk aversion contributes to wage moderation and promotes employment. …

Persistent link: https://www.econbiz.de/10005703281

Unemployment Accounts and Employment Incentives

Brown, Alessio J. G.; Orszag, J. Michael; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006

people’s employment incentives and could achieve reductions in unemployment without reducing the level of support to the …

Persistent link: https://www.econbiz.de/10005703506

Unemployment Insurance Savings Accounts and Collective Wage Determination

Goerke, Laszlo - Institute for the Study of Labor (IZA) - 2007

pension payments. Therefore, such accounts make unemployment less attractive, intensify job search, and raise employment. In … the present paper the wage and employment consequences of UISAs are investigated in a model of collective wage … bargaining creates additional impediments for the positive employment consequences of UISAs. …

Persistent link: https://www.econbiz.de/10005822648

Unemployment Invariance

Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002

This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10005822664

Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2007

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/10005762441