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Incentives in competitive search equilibrium
Moen, Espen R.; Rosen, Asa - London School of Economics (LSE) - 2007
analyze the effect of changes in the macro economic variables on the wage contract and the unemployment rate. We find that … private information may increase the responsiveness of the unemployment rate to changes in productivity. The incentive power … of the wage contracts is positively related to high productivity, low unemployment benefits and high search frictions. …
Persistent link: https://www.econbiz.de/10010745548
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Transitions in labour market status in the European Union
Ward-Warmedinger, Melanie; Macchiarelli, Corrado - London School of Economics (LSE) - 2013
the ease with which individuals can move between employment, unemployment and inactivity over time. The results suggest …” explanatory factors, including part time and temporary employment, unemployment and structure indicators. The results provide a … countries. Nonetheless, transitions from unemployment and inactivity back into the labour market are relatively weak in the euro …
Persistent link: https://www.econbiz.de/10011071237
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Profit share and returns on capital stock in Italy: the role of privatisations behind the rise of the 1990s
Torrini, Roberto - London School of Economics (LSE) - 2005
Profit share in Italy has been growing between the mid-1970s and the mid-1990s, remaining stable at historically high levels since than. After dropping in the first half of the 1070s, owing to an unprecedented rapid rise in wages, profit share started to recover. The rise during the 1980s...
Persistent link: https://www.econbiz.de/10010745192
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The Beveridge curve, unemployment and wages in the OECD from the 1960s to the 1990s - preliminary version
Nickell, Stephen; Nunziata, Luca; Ochel, Wolfgang; … - London School of Economics (LSE) - 2001
This paper is an empirical analysis of unemployment patterns in the OECD countries from the 1960s to the 1990s, looking … at the Beveridge Curves, real wages as well as unemployment directly. Our results indicate the following. First, the … unemployment. Finally, broad movements in unemployment across the OECD can be explained by shifts in labour market institutions …
Persistent link: https://www.econbiz.de/10010745475
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Evaluating the economic significance of downward nominal wage rigidity
Elsby, Michael W. L. - London School of Economics (LSE) - 2005
This paper seeks to contribute to the literature on downward nominal wage rigidity (DNWR) along two dimensions. First, we formulate and solve an explicit model of wage-setting in the presence of worker resistance to nominal wage cuts - something that has previously been considered intractable....
Persistent link: https://www.econbiz.de/10010746448
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Privatization, entry regulation and the decline of labor's share of GDP: a cross-country analysis of the network industries
Azmat, Ghazala; Manning, Alan; Van Reenen, John - London School of Economics (LSE) - 2007
labor share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data …
Persistent link: https://www.econbiz.de/10010746486
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The volatility of earnings: evidence from high-frequency firm-level data
Georgiadis, Andreas; Manning, Alan - London School of Economics (LSE) - 2014
The first contribution of this paper is to use UK monthly firm-level data to show that there is a large amount of transitory volatility in firm-level average earnings from month to month. We conclude that this cannot all be explained away as the consequence of measurement error, composition...
Persistent link: https://www.econbiz.de/10011126684
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The economic situation of first- and second-generation immigrants in France, Germany and the United Kingdom
Algan, Yann; Dustmann, Christian; Glitz, Albrecht; … - London School of Economics (LSE) - 2009
countries in terms of education, earnings, and employment. …
Persistent link: https://www.econbiz.de/10010744907
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Productivity growth and employment: theory and panel estimates
Pissarides, Christopher; Vallanti, Giovanna - London School of Economics (LSE) - 2004
Theoretical predictions of the effect of TFP growth on employment are ambiguous, and depend on the extent to which new … technology is embodied in new jobs. We estimate a model for employment, wages and investment with an annual panel for the United … States, Japan and Europe and find that TFP growth increases employment. For the United States TFP growth explains the trend …
Persistent link: https://www.econbiz.de/10010928604
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Employment outcomes in the welfare state
Ngai, L. Rachel; Pissarides, Christopher - London School of Economics (LSE) - 2008
We examine the implications of tax and subsidy policies for employment in the “three worlds of welfare”, Anglo …-Saxon, Continental European and Scandinavian. We argue that home production is key to a proper evaluation of the employment outcomes …. Anglo-Saxon lowsupport policies encourage more overall market employment. Continental transfer policies encourage more home …
Persistent link: https://www.econbiz.de/10011071076