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We contribute to the growing literature which aims to link product market regulation and competition to labor market outcomes, in an attempt to explain the divergent US and continental European labor market performance over the past two decades. The main contributions of this paper are...
Persistent link: https://www.econbiz.de/10005247700
and wages, both theoretically and quantitatively. The main elements of our model are Mortensen-Pissarides-style search and … matching frictions, monopolistic competition in the goods market, multi-worker firms, individual wage bargaining and barriers …
Persistent link: https://www.econbiz.de/10005822585
theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual wage …
Persistent link: https://www.econbiz.de/10005763797
We examine product market regulation as an explanation for divergent US and continental European labor market performance. First, we show that the choice of bargaining regime is crucial for the effect of product market competition on unemployment rates, being substantial under collective and...
Persistent link: https://www.econbiz.de/10005069554
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/10005233819
labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous …
Persistent link: https://www.econbiz.de/10009353615
simple, tractable job market matching model, show analytically how variations in the participation rate are driven by the …
Persistent link: https://www.econbiz.de/10005703253
We analyze the dynamics of worker mobility in the United States over the 1968-1993 period at various levels of occupational and industry aggregation. We find a substantial overall increase in occupational and industry mobility over the period and document the levels and time trends in mobility...
Persistent link: https://www.econbiz.de/10005703753
to high unemployment benefits. In this paper we reassess the turbulence-unemployment relationship using a matching model …
Persistent link: https://www.econbiz.de/10005763480
Persistent link: https://www.econbiz.de/10005069403