Showing 1 - 8 of 8
This paper introduces staggered right-to-manage wage bargaining into a NewKeynesian business cycle model. Our key result is that the model is able to generatepersistent responses in output, inflation, and total labor input to both neutraltechnology and monetary policy shocks. Furthermore, we...
Persistent link: https://www.econbiz.de/10008845687
This paper addresses the large degree of frictional wage dispersion in US data.The standard job matching model without …-the-job searchin a stochastic job matching model. Our key result is that the inclusion of variableon-the-job search increases the …
Persistent link: https://www.econbiz.de/10008845688
We study market inefficiencies and policy remedies when agents choose their occupations, and entrepreneurialtalent is subject to private information. Untalented entrepreneurs depress the returns to entrepreneurshipbecause of adverse selection. The severity of this problem depends on the outside...
Persistent link: https://www.econbiz.de/10008860726
UK government policy encourages mothers of young children in low-income families to enter or return to work, via tax credit subsidies and support for childcare. Maternal employment is seen a central plank in the campaign against child poverty, both because it raises income immediately and...
Persistent link: https://www.econbiz.de/10009353997
We document ethnic segregation in secondary schools in England in 2001 inorder to contribute to the debate on the degree of ethnic group social integration.We use indices of dissimilarity and isolation to compare the patterns ofsegregation across nine ethnic groups. We find that levels of ethnic...
Persistent link: https://www.econbiz.de/10009354049
matching (PSM) estimators. Additionally, we also apply a combinedmatching difference-in-differences (MDiD) estimator to account …
Persistent link: https://www.econbiz.de/10005867870
This study uses panel data describing about 6,500 employees in a large international companyto study the incentive effects of performance related pay. The company uses two performancerelated remuneration mechanisms. One is an individual "surprise" bonus payment. The other isa more structured...
Persistent link: https://www.econbiz.de/10005868302
In this paper we adopt a theory of class positions based on employmentrelations to assess what implications individuals’ class positions have for theireconomic life. In particular we consider economic security (the risk ofunemployment), economic stability (the variability component in...
Persistent link: https://www.econbiz.de/10009354048