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The Effects of Incomplete Employee Wage Information: A Cross-Country Analysis
Polachek, Solomon W.; Jun (Jeff) Xiang - Institute for the Study of Labor (IZA) - 2005
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
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Experimental Games on Networks: Underpinnings of Behavior and Equilibrium Selection
Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - Institute for the Study of Labor (IZA) - 2014
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
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Why is Old Workers' Labor Market More Volatile? Unemployment Fluctuations over the Life-Cycle
Hairault, Jean-Olivier; Langot, François; Sopraseuth, … - Institute for the Study of Labor (IZA) - 2014
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
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Old Money, the Nouveaux Riches and Brunhilde's Marriage Strategy
Bronsert, Anne-Kathrin; Glazer, Amihai; Konrad, Kai A. - Institute for the Study of Labor (IZA) - 2014
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
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The Impact of Internet Diffusion on Marriage Rates: Evidence from the Broadband Market
Bellou, Andriana - Institute for the Study of Labor (IZA) - 2013
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
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Immigration, Search, and Redistribution: A Quantitative Assessment of Native Welfare
Battisti, Michele; Felbermayr, Gabriel; Peri, Giovanni; … - Institute for the Study of Labor (IZA) - 2014
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
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Equilibrium Unemployment and Retirement
Hairault, Jean-Olivier; Langot, François; Zylberberg, Andre - Institute for the Study of Labor (IZA) - 2012
not; the existence of search externalities makes the retirement age of unemployed workers intrinsically suboptimal … necessarily welfare-optimizing in a second best world where the labor market equilibrium suffers from distortions. …
Persistent link: https://www.econbiz.de/10011279299
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Employment and Hours over the Business Cycle in a Model with Search Frictions
Kudoh, Noritaka; Miyamoto, Hiroaki; Sasaki, Masaru - Institute for the Study of Labor (IZA) - 2015
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
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Unemployment and Endogenous Reallocation over the Business Cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - Institute for the Study of Labor (IZA) - 2013
labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously …
Persistent link: https://www.econbiz.de/10010812034
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The Cyclical Volatility of Labor Markets under Frictional Financial Markets
Petrosky-Nadeau, Nicolas; Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2010
shocks initiated by Shimer (2005): in an economy with search on credit and labor markets, a financial multiplier raises the …
Persistent link: https://www.econbiz.de/10008466462