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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 … to job queues. Using U.K. data and correcting for temporal aggregation bias, estimates of the random matching function … are consistent with previous work in this field, but random matching is formally rejected by the data. The data instead …

Persistent link: https://www.econbiz.de/10010928750

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 …

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

Trade and industrial location with heterogeneous labor

Amiti, Mary; Pissarides, Christopher - London School of Economics (LSE) - 2005

We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomeration and inter-regional trade. Labor heterogeneity gives local monopoly power to firms but also introduces variations in the quality of the job match....

Persistent link: https://www.econbiz.de/10010746150

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

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

Creative destruction with on-the-job search

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

matching model in an economy with embodied technological progress and show that its dynamics are profoundly affected by …

Persistent link: https://www.econbiz.de/10010744813

Employment trajectories and later employment outcomes for mothers in the British Household Panel Survey: an analysis by skill level

Stewart, Kitty - London School of Economics (LSE) - 2011

Maternal employment formed a central plank in the former Labour Government’s strategy to reduce child poverty. Even where potential jobs were low-skilled and low-paid, policy was explicitly work (rather than training) first, and lone parents in particular were given direct and indirect...

Persistent link: https://www.econbiz.de/10010745816