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Labor Market Dynamics under Long Term Wage Contracting

Rudanko, Leena - Society for Economic Dynamics - SED - 2006

This paper introduces risk averse workers into a search and matching model and considers the quantitative performance … search and matching models. … in unemployment and vacancies but also wages, is the drop in consumption for the unemployed. In addition, explaining the …

Persistent link: https://www.econbiz.de/10005090796

Payroll Taxes, Social Insurance and Business Cycles

Burda, Michael C.; Weder, Mark - Institut zur Zukunft der Arbeit <Bonn> - 2010

unemployment insurance, when thelatter is only imperfectly related to search effort. A balanced social insurance budget … of vacancies andunemployment.... …

Persistent link: https://www.econbiz.de/10009360583

Macroeconomic Volatilities and the Labor Market:First Results from the Euro Experiment

Merkl, Christian; Schmitz, Tom - Institut zur Zukunft der Arbeit <Bonn> - 2010

This paper analyzes the effects of different labor market institutions on inflation and outputvolatility. The eurozone offers an unprecedented experiment for this exercise: since 1999, nonational monetary policies have been implemented that could account for volatilitydifferences across member...

Persistent link: https://www.econbiz.de/10009360591

Business Cycles, Wage Setting, and Asymmetric Information

Shimer, Robert - Society for Economic Dynamics - SED - 2004

This paper explores wage-setting in the presence of asymmetric information. Firms know their own productivity, while workers only know the distribution of productivity in the economy. Although there is unemployment in equilibrium, the labor market is competitive in the sense of Moen (1997):...

Persistent link: https://www.econbiz.de/10005069473

A dynamic matching model with downward wage rigidity

Jansen, Marcel; Costain, James - Society for Economic Dynamics - SED - 2004

labor market models have a hard time generating the degree of cyclical volatility in unemployment and vacancies that is … studies a dynamic matching model with downward wage rigidity. Like Mortensen and Pissarides (2001) and Jansen (2001), we … surplus of jobs exhibits substantially more cyclical volatility than in standard matching models with transferable utility …

Persistent link: https://www.econbiz.de/10005069525

Labour Market Institutions and Unemployment:Does Finance Matter?

Rault, Christophe; Vaubourg, Anne-Gael - Institut zur Zukunft der Arbeit <Bonn> - 2011

We explore whether finance influences the impact of labour market institutions onunemployment. Using a data set of 18 OECD countries over 1980-2004, we estimate a panelVectorAutoRegressive model. We check whether causalities from labour market variables tounemployment are affected by financial...

Persistent link: https://www.econbiz.de/10009360534

Product Market Regulation, Firm Size, Unemploymentand Informality in Developing Economies

Charlot, Olivier; Malherbet, Franck; Terra, Cristina - Institut zur Zukunft der Arbeit <Bonn> - 2011

This paper studies the impact of product and labor market regulations on informality andunemployment in a general framework where formal and informal firms are subject to thesame externalities, differing only with respect to some parameter values. Both formal andinformal firms have monopoly...

Persistent link: https://www.econbiz.de/10009360540

Trade and Unemployment:What Do the Data Say?

Felbermayr, Gabriel J.; Prat, Julien; Schmerer, Hans-Jörg - Institut zur Zukunft der Arbeit <Bonn> - 2009

This paper documents a robust empirical regularity: in the long-run, higher trade openness iscausally associated to a lower structural rate of unemployment. We establish this fact using:(i) panel data from 20 OECD countries, (ii) cross-sectional data on a larger set of countries.The time...

Persistent link: https://www.econbiz.de/10009360638

Indivisible Labor and Its Supply Elasticity: Do Taxes Explain European Employment?

Ljungqvist, Lars; Sargent, Thomas J. - Society for Economic Dynamics - SED - 2006

We first scrutinize and challenge Prescott's (2002, 2004) quantitative analysis of the role of differences in taxes in explaining cross-country differences in labor market outcomes, and then defend an alternative model that assigns an important role to cross-country differences in social...

Persistent link: https://www.econbiz.de/10005069229

The US-European Unemployment Divide Revisited: The Role of Growth and Convergence

Pissarides, Christopher A - Society for Economic Dynamics - SED - 2006

In this paper I argue that most comparisons of the unemployment dynamics in the United States and Europe since the war incorrectly neglect the role of technological catch-up in Europe up to the late 1960s and the contribution of the different growth experiences in the two continents. Growth has...

Persistent link: https://www.econbiz.de/10005090733