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Unemployment in the European Union : a dynamic reappraisal.

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - Kiel Institute for the World Economy - 2003

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...

Persistent link: https://www.econbiz.de/10008520146

Can insider power affect employment?.

Díaz-Vázquez, Pilar; Snower, Dennis J. - Kiel Institute for the World Economy - 2003

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired … firing in recessions, while leaving hiring in booms unchanged. Thereby insider power reduces average employment. …

Persistent link: https://www.econbiz.de/10008520169

An Incentive Theory of Matching.

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Kiel Institute for the World Economy - 2010

This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...

Persistent link: https://www.econbiz.de/10008492138