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firm with stochastic product demand and hiring cost (= irreversible specific investments). There is wage bargaining between …
Persistent link: https://www.econbiz.de/10011255817
We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the total inflow into unemployment. We estimate the...
Persistent link: https://www.econbiz.de/10011256433
We explore the role of firms in insuring non-verifiable output. As a device that allows workers to commit to thedelivery of their output, the firm arises endogenously as an alternative to the market if workers are sufficiently riskaverse and the firm can base its incentive payments on good...
Persistent link: https://www.econbiz.de/10011256657
competition and creative destruction associated with these developments are more legitimate.Coordination in wage bargaining and …
Persistent link: https://www.econbiz.de/10011256667
) themax-mean wage differential. The latter measure of wage dispersion is more robustthan measures based on the reservation … wage, due to the long left tail of the wagedistribution. We estimate this wage differential using data on match quality … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …
Persistent link: https://www.econbiz.de/10011257030
Randomized experiments provide policy relevant treatment effects if there areno spillovers between participants and nonparticipants. We show that thisassumption is violated for a Danish activation program for unemployed workers.Using a difference-in-difference model we show that the...
Persistent link: https://www.econbiz.de/10011257389
wage setting without commitment creates a "business-stealing" externality. In the absence of congestion effects, this leads … to excessive vacancy creation. Under wage setting with commitment this externality is absent because when posting a wage …
Persistent link: https://www.econbiz.de/10011257478
wage differentials between large metropoles and small cities.<P>See publication in <A href …
Persistent link: https://www.econbiz.de/10011255840
We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels areimperfect substitutes in production, an increase in the level ofhuman capital in the economy reduces the return to education.Hence, a given compression of after-tax incomes can...
Persistent link: https://www.econbiz.de/10011256508
In a corporatist country, of which the Netherlands is an example, wages should not be distinguished by union membership status, but by the bargaining regime. Four bargaining regimes can be distinguished: (i) company level bargaining, (ii) industry level bargaining, (iii) mandatory extension of...
Persistent link: https://www.econbiz.de/10011256615