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Labor market reforms, job instability, and the flexibility of the employment relationship

Matouschek, Niko; Ramezzana, Paolo; Robert-Nicoud, … - London School of Economics (LSE) - 2008

We endogenize separation in a search model of the labor market and allow for bargaining over the continuation of …

Persistent link: https://www.econbiz.de/10010746228

Labor search and matching in macroeconomics

Yashiv, Eran - London School of Economics (LSE) - 2007

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

Looking into the black box: a survey of the matching function

Petrongolo, Barbara; Pissarides, Christopher - London School of Economics (LSE) - 2000

We survey the microfoundations, empirical evidence and estimation issues underlying the aggregate matching function. Several microeconomic matching mechanisms have been suggested in the literature with some successes but none is generally accepted as superior to all others. Instead, an aggregate...

Persistent link: https://www.econbiz.de/10010745553

Efficiency wages and the economic effects of the minimum wage: evidence from a low-wage labour market

Georgiadis, Andreas - London School of Economics (LSE) - 2008

We exploit a natural experiment provided by the 1990 introduction of the UK National Minimum Wage (NMW) to investigate the relationship between wages and monitoring and to test for Efficiency Wages considerations in a low-wage sector, the UK residential care homes industry. Our findings seem to...

Persistent link: https://www.econbiz.de/10010928640

Investigating rationality in wage-setting

Bhalotra, Sonia - London School of Economics (LSE) - 1998

This paper investigates the efficiency wage hypothesis and derives a tractable expression for the profit loss incurred by deviations from the efficiency wage. The extent of the wage deviation can be inferred from production function parameters. The resulting profit loss shown to depend upon the...

Persistent link: https://www.econbiz.de/10010928709

Firm-specific training

Felli, Leonardo; Harris, Christopher - London School of Economics (LSE) - 2006

This paper introduces two complementary models of firm-specific training: an informational model and a productivity-enhancement model. In both models, market provision of firm-specific training is inefficient. However, the nature of the inefficiency depends on the balance between the two key...

Persistent link: https://www.econbiz.de/10010928723

A test between unemployment theories using matching data

Coles, Melvyn; Petrongolo, Barbara - London School of Economics (LSE) - 2003

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

Creative destruction with on-the-job search

Michau, Jean-Baptiste - London School of Economics (LSE) - 2007

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

On the extent of re-entitlement effects in unemployment compensation

Ortega, Javier; Rioux, Laurence - London School of Economics (LSE) - 2008

A dynamic labor matching economy is presented, in which the unemployed are either entitled to unemployment insurance (UI) or unemployment assistance (UA), and the employees are either eligible for UI or UA upon future separations. Eligibility for UI requires a minimum duration of contributions...

Persistent link: https://www.econbiz.de/10010745099

Trade and industrial location with heterogeneous labor

Amiti, Mary; Pissarides, Christopher - London School of Economics (LSE) - 2002

We show in the framework of a new economic geography model that when labor is heterogenous and productivity depends on the quality of the match between job and worker, trade liberalization may lead to industrial agglomeration and inter-industry trade. The agglomeration force is the improvement...

Persistent link: https://www.econbiz.de/10010745739