Showing 1 - 10 of 99
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … implications of how the sticky wages enter into the hiring decision, and there seems to be a tradeoff between generating business …
Persistent link: https://www.econbiz.de/10009021626
In recent publications it has been argued that the change of the skill structure of industrial employment is caused by … impact on the skill structure of domestic employment in favor of skilled labor. The empirical evidence for German …
Persistent link: https://www.econbiz.de/10005818887
wages positively correlated with the size of the firm employing them. To explain these findings the author augments the … their counterparts in smaller firms, while the laborers of the larger firms receive higher wages to compensate them for the …
Persistent link: https://www.econbiz.de/10010569278
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
effects on either wages or employment probabilities in manufacturing. In the service industries, workers are affected in terms …We investigate the impact of offshoring on individual level wages and unemployment probabilities and pay particular … significant reduction in wages as materials offshoring increases, while permanent workers’ wages are unaffected or even tend to …
Persistent link: https://www.econbiz.de/10010886884
The secular shift in labor demand from unskilled to skilled labor is explained within a model that is solved numerically. There are three branches producing a basic good, a differentiated luxury good, and an intermediate service. Production is more skill-intensive in the luxury good and the...
Persistent link: https://www.econbiz.de/10005755135
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
composition wages to the business cycle is considerably lower in Germany. … finds affirmative evidence for the U.S. labour market. We replicate his analysis using German employment register data …
Persistent link: https://www.econbiz.de/10005083369
We explore the far-reaching implications of low-wage subsidies on skill formation, aggregate employment and welfare …. Low-wage subsidies have three important effects. First, they promote employment of low-skilled workers (who tend to be the … ones who earn low wages). Second, by raising the payoff of low-skilled work relative to skilled work, low-wage subsidies …
Persistent link: https://www.econbiz.de/10005103185
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired … employees (entrants) receive their reservation wages. The reason given is that an increase in insider wages gives rise to a …
Persistent link: https://www.econbiz.de/10010983128