Similar Search Results

Employment Protection, Product Market Regulation and Firm Selection

Koeniger, Winfried; Prat, Julien - Institute for the Study of Labor (IZA) - 2006

This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search frictions. Modeling multiple-worker firms allows us to distinguish between the exit-and-entry (extensive) margin, and the hiring-and-firing (intensive) margin. We characterize...

Persistent link: https://www.econbiz.de/10005761754

Labour Market Institutions and Wage Inequality

Koeniger, Winfried; Leonardi, Marco; Nunziata, Luca - Institute for the Study of Labor (IZA) - 2004

In this paper we investigate the importance of labor market institutions such as unemployment insurance, unions, firing …

Persistent link: https://www.econbiz.de/10005762069

Capital Deepening and Wage Differentials: Germany vs. US

Koeniger, Winfried; Leonardi, Marco - Institute for the Study of Labor (IZA) - 2006

workers in Germany, firms have incentives to invest relatively more into capital equipment complementary to unskilled workers … evidence consistent with this view based on an industry panel for West Germany and the US between the 1970s and 1990s. We show … that capital equipment per worker is less positively associated with the wage differential in West Germany than in the US …

Persistent link: https://www.econbiz.de/10005703302

Consumption Smoothing and the Structure of Labor and Credit Markets

Bertola, Giuseppe; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2004

Smoother labor incomes alleviate credit constraints by reducing workers' desire to borrow, and prospects of upward income mobility have smaller beneficial effects for currently poor workers when borrowing constraints are binding. These simple theoretical insights are consistent with the...

Persistent link: https://www.econbiz.de/10005700925

Human Capital and Optimal Redistribution

Koeniger, Winfried; Prat, Julien - Institute for the Study of Labor (IZA) - 2014

We characterize optimal redistribution in a dynastic family model with human capital. We show how a government can improve the trade-off between equality and incentives by changing the amount of observable human capital. We provide an intuitive decomposition for the wedge between human-capital...

Persistent link: https://www.econbiz.de/10011094072