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This paper considers the optimal hiring strategy of a firm that is unable to observe the productive abilities of all its applicants. Whom the firm considers as hireable, will depend crucially on the extent to which the firm can use its wage setting to mirror productivity differences. However,...
Persistent link: https://www.econbiz.de/10005651826
job applicants by employment status affects both the level and the persistence of unemployment and numerically that these ….) could potentially help to explain the high and persistent unemployment in Europe. …
Persistent link: https://www.econbiz.de/10005651866
Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search …
Persistent link: https://www.econbiz.de/10005082496
-sector general quilibrium model featuring matching frictions, heterogenous abilities and an informal sector with tax evasion. The …
Persistent link: https://www.econbiz.de/10005207263
unemployment among job-seekers. Using exact matching on labour market history and personal characteristics we find positive effects … effect of the length is found on unemployment, employment or wages. Overall, the results suggest that receiving a fixed term … contract reduces the risk of future unemployment, and that a longer contract increases the position within the workplace but …
Persistent link: https://www.econbiz.de/10005651825
This paper investigates the consequences of skill loss as a result of unemployment in an efficiency wage model with …, this will result in a lengthy adjustment process with substantial long run unemployment effects. Moreover, the model is …
Persistent link: https://www.econbiz.de/10005651921
The paper studies how social job finding networks affect firms' selection of employees and the setting of entry wages. Our point of departure is the Montgomery (1991) model of employee referrals which suggests that it is optimal for firms to hire new workers through referrals from their most...
Persistent link: https://www.econbiz.de/10010674218
How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the medium term evolution of real wages and competitiveness? To answer these...
Persistent link: https://www.econbiz.de/10005651878
Unemployment immediately upon graduation is associated with substantial and permanent future earnings losses. Even for … very short unemployment spells the estimated earnings losses are statistically significant. These results are stable for … educational level, and for choice of method i.e. OLS and propensity score matching. This lends some support for the interpretation …
Persistent link: https://www.econbiz.de/10005025465
Swedish unemployment was very low up to the early 1990s when it rose rapidly. At the same time manufacturing employment …
Persistent link: https://www.econbiz.de/10005651890