Showing 1 - 10 of 147
consistent with search theory. We apply the technique to eleven countries over various years, and find that incomplete … countries that strongly support unemployment insurance (UI) receive wages closer to their potential, so that doubling UI … decreases incomplete information and results in 5% higher wages. A more dense population reduces search costs leading to less …
Persistent link: https://www.econbiz.de/10005822747
In this paper, we describe a series of laboratory experiments that implement specific examples of a more general network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic complements, and participants have either complete or...
Persistent link: https://www.econbiz.de/10011086477
labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously …
Persistent link: https://www.econbiz.de/10010812034
The Internet has the potential to reduce search frictions by allowing individuals to identify faster a larger set of …
Persistent link: https://www.econbiz.de/10010887066
Since the last recession, it is usually argued that older workers are less affected by the economic downturn because their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive to the business cycle. We document volatilities of...
Persistent link: https://www.econbiz.de/10010884226
A woman assessing the wealth of a potential husband may observe some, but not all, of his wealth. She may screen, leading to status consumption and wasteful gift giving. The screening activity is costly not only for the potential husband, but also for the woman, as it reduces the wealth of the...
Persistent link: https://www.econbiz.de/10010884244
We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search … studied, immigration attenuates the effects of search frictions. These gains tend to outweigh the welfare costs of … frictions, wage bargaining, and a redistributive welfare state. Our quantitative analysis suggests that, in all 20 countries …
Persistent link: https://www.econbiz.de/10010959659
This paper studies a labor market search-matching model with multi-worker firms to investigate how firms utilize the … the intensive margin accounts for 79% of the variations in total working hours. The model replicates the observed cyclical …
Persistent link: https://www.econbiz.de/10011228303
We study the steady state of an overlapping generations economy where singles search for spouses. In our model economy … free parameters: the search friction and the utility share of bearing children. We choose their values to match the median … theory predicts that most of the gender age difference at first marriage will persist even if the gender wage-gap disappears …
Persistent link: https://www.econbiz.de/10005763512
This paper analyzes the design of optimal unemployment insurance in a search equilibrium framework where search effort … among the unemployed is not perfectly observable. We examine to what extent the optimal policy involves monitoring of search … effort and benefit sanctions if observed search is deemed insufficient. We find that introducing monitoring and sanctions …
Persistent link: https://www.econbiz.de/10005763574