Showing 1 - 10 of 92
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...
Persistent link: https://www.econbiz.de/10010745736
The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …
Persistent link: https://www.econbiz.de/10011071476
We use a simple job search model to explain the doubling of mean hourly earnings of white males, and the five …-fold increase in their variance, during the first 18 years of labor market experience. For this purpose we embody minimum wage … regulations and imperfect compliance in a job search model encompassing job mobility and on-the-job wage growth as potential …
Persistent link: https://www.econbiz.de/10010745907
This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due …
Persistent link: https://www.econbiz.de/10010928750
This paper is about the labour market consequences of creative destruction with on-the-job search. We consider a … allowing on-the-job search. We obtain that the elasticity of unemployment with respect to growth shrinks from 1.63 to 0 … search process than the unemployed. Thus, we show that, rather than contributing to unemployment, creative destruction …
Persistent link: https://www.econbiz.de/10010744813
We endogenize separation in a search model of the labor market and allow for bargaining over the continuation of … contracts, which further amplifies the increase in job instability caused by policy reform. …
Persistent link: https://www.econbiz.de/10010746228
This paper applies recent advances in the study of labor market dynamics to a representative developing country with a large unregulated of “informal” sector, Mexico. It finds, first, that the formal salaried sector shows the same procyclical job finding rate and mildly countercyclical...
Persistent link: https://www.econbiz.de/10011071130
This paper reviews the changing pattern of labour market segmentation in Britain since the mid-1970s. In the early 1980s, industrial labour markets in Britain, along with Germany, could be characterised as dominated by occupational labour markets for skilled workers compared with the...
Persistent link: https://www.econbiz.de/10011071257
Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool …
Persistent link: https://www.econbiz.de/10011071277
We use the length of employment contracts to estimate CEO turnover probability and its effects on risk …
Persistent link: https://www.econbiz.de/10011126281