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When workers send applications to vacancies they create a network. Frictions arise becauseworkers typically do not know where other workers apply to and firms do not know whichcandidates other firms consider. The first coordination friction affects network formation, whilethe second coordination...
Persistent link: https://www.econbiz.de/10009347589
We examine the interactions between public and private sector wages per employee inOECD countries. The growth of public sector wages and of public sector employmentpositively affects the growth of private sector wages. Moreover, total factor productivity, theunemployment rate and the degree of...
Persistent link: https://www.econbiz.de/10009360569
wages. A one-point increase in the unemployment rate decreases wages ofnewly hired male workers by around 2.8% and by just 1 …
Persistent link: https://www.econbiz.de/10009360639
26 NUTS-2 regions over the period 2005-2008.When the local unemployment rate is treated as predetermined, there is … instrument for current unemployment rate, we find anunemployment elasticity of -0.099. We also find a higher elasticity for … finding is that the wages of females in Turkey are significantlymore responsive to local unemployment rates than their male …
Persistent link: https://www.econbiz.de/10009360532