Showing 1 - 10 of 19
propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …
Persistent link: https://www.econbiz.de/10011279299
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/10004961441
optima, non-linear income taxation is a key complement to unemployment insurance. According to the level of the workers …
Persistent link: https://www.econbiz.de/10005703087
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005703158
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring cost and constant returns of labor, the bargaining...
Persistent link: https://www.econbiz.de/10005703320
the extent to which the experience of parental unemployment during childhood affects young people’s far right … unemployed parents and right-wing extremism, with xenophobia in particular. This paper uses differences in unemployment levels … variables estimates suggest strong and significant effects of parental unemployment on right-wing extremism. This is consistent …
Persistent link: https://www.econbiz.de/10005703736
results point out that EPL reforms achieve the largest reduction in unemployment when they are targeted to workers with lower …
Persistent link: https://www.econbiz.de/10005822296
levels and endogenous involuntary unemployment due to frictions in the labor markets. Redistributive taxation distorts labor … demand and wages. Compared to their efficient values, gross wages, unemployment and participation are lower. Average tax …
Persistent link: https://www.econbiz.de/10005822583
for the unemployment rates of high and low-educated workers, for the share of mismatched workers and wage inequality both …
Persistent link: https://www.econbiz.de/10005763593
This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
Persistent link: https://www.econbiz.de/10005763713