Similar Search Results

Wage Dispersion and Overqualification as Entailed by Reder Competition

Schlicht, Ekkehart - Institut für Weltwirtschaft (IfW) - 2007

The expansion of higher education in theWestern countries has been accompanied by a marked widening of wage differentials and increasing overqualification. While the increase in wage differentials has been attributed to skill-biased technological change that made advanced skills scarce, this...

Persistent link: https://www.econbiz.de/10005083381

Reciprocity and Matching Frictions

Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2010

We build a RBC endogenous separation matching model and introduce efficiency wages along the lines of Akerlof (1982). While the standard endogenous separation matching model reveals shortcomings in explaining correlations and volatilities jointly, this approach performs reasonably well along...

Persistent link: https://www.econbiz.de/10008635827

Wage Rigidity and Job Creation

Haefke, Christian; Sonntag, Marcus; Rens, Thijs van - Institut für Weltwirtschaft (IfW) - 2009

replicate these findings in a search model, it must be that wages are rigid in ongoing jobs but flexible at the start of new …

Persistent link: https://www.econbiz.de/10005700599

Revisiting the Matching Function

Kohlbrecher, Britta; Merkl, Christian; Nordmeier, Daniela - Institut für Weltwirtschaft (IfW) - 2014

Many labor market models use both idiosyncratic productivity and a vacancy free entry condition. This paper shows that these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and vacancies on the other hand, which is observationally...

Persistent link: https://www.econbiz.de/10010886896

Endogenous ranking in a two-sector urn-ball matching process

Rose, Giuseppe - Institut für Weltwirtschaft (IfW) - 2013

This paper contributes to the debate concerning the micro-foundation of matching functions in frictional labor markets. The focus is on a particular matching regime, i.e., the so-called urn-ball process. It is shown that in a two-sector economy, even in the presence of heterogeneous workers, the...

Persistent link: https://www.econbiz.de/10010956146

Reducing severance costs or subsidizing permanent job creation: Which policy is more effective to reduce duality?

Osuna, Victoria - Institut für Weltwirtschaft (IfW) - 2015

This paper uses the job creation and destruction model of the search and matching type proposed by García-Pérez and … segmentation between permanent and temporary contracts. The 2006 and 2012 Spanish labour market reforms are used as a benchmark to … temporary contracts. The change in the degree of duality is measured in terms of the changes in job destruction rates and the …

Persistent link: https://www.econbiz.de/10011262996

An Incentive Theory of Matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 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/10004992848

Overconfidence, Experience, and Professionalism: An Experimental Study

Menkhoff, Lukas; Schmeling, Maik; Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2010

three investor groups. Moreover, investment experience and age have a significant impact on the degree of overconfidence … the impact of experience on behavior in (financial) markets …

Persistent link: https://www.econbiz.de/10008631613

Globalisation as a 'good times' phenomenon: a search-based explanation

Edwards, T. Huw - Institut für Weltwirtschaft (IfW) - 2009

driven by policy: rather, in a model of costly search, firms who are engaged in a searching process are very sensitive to …

Persistent link: https://www.econbiz.de/10008561130

Centralized vs. Decentralized Wage Formation: The Role of Firms’ Production Technology

Hirsch, Boris; Merkl, Christian; Müller, Steffen; … - Institut für Weltwirtschaft (IfW) - 2014

This paper is the first to show theoretically and empirically how firms' production technology affects the choice of their preferred wage formation regime. Our theoretical framework predicts, first, that the larger the total factor productivity of a firm, the more likely it is to opt for...

Persistent link: https://www.econbiz.de/10010886974