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Order from Chaos? The Effects of Early Labor Market Experiences on Adult Labor Market Outcomes
Gardecki, Rosella - 1997
This paper examines the consequences of initial periods of churning,' floundering about,' or mobility' in the labor market to help assess whether faster transitions to stable employment relationships--such as those envisioned by advocates of school-to-work programs--would be likely to lead to...
Persistent link: https://www.econbiz.de/10012472929
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Job Destruction and the Experiences of Displaced Workers
Haan, Wouter J. den - 1999
This paper evaluates a class of endogenous job destruction models based on how well they explain the observed experiences of displaced workers. We show that pure reallocation models in which relationship-specific productivity drifts downward over time are difficult to reconcile with the evidence...
Persistent link: https://www.econbiz.de/10012471571
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Labor Rationing
Breza, Emily; Kaur, Supreet; Shamdasani, Yogita - National Bureau of Economic Research - 2021
This paper measures excess labor supply in equilibrium. We examine hiring shocks--which employ 24% of the labor force in external month-long jobs--in Indian local labor markets. In peak months, wages increase instantaneously and local aggregate employment declines. In lean months, consistent...
Persistent link: https://www.econbiz.de/10012510522
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Unemployment Insurance in Macroeconomic Stabilization
Kekre, Rohan - National Bureau of Economic Research - 2021
I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal rigidities. An increase in generosity raises the aggregate demand for consumption if the unemployed have a higher marginal propensity to consume (MPC) than the employed or if agents...
Persistent link: https://www.econbiz.de/10012696414
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Monopsony in the Labor Market : New Empirical Results and New Public Policies
Ashenfelter, Orley; Card, David E.; Farber, Henry S.; … - National Bureau of Economic Research - 2021
This paper summarizes the results of nearly a dozen new papers presented at the Sundance Conference on Monopsony in Labor Markets held in October 2018. These papers, to be published as a special issue of the Journal of Human Resources, study various aspects of monopsony and failures of...
Persistent link: https://www.econbiz.de/10012696431
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"Golden Ages" : A Tale of the Labor Markets in China and the United States
Fang, Hanming; Qiu, Xincheng - National Bureau of Economic Research - 2021
We study the labor markets in China and the United States, the two largest economies in the world, by examining the evolution of their cross-sectional age-earnings profiles during the past thirty years. We find that, first, the peak age in the cross-sectional age-earnings profiles, which we...
Persistent link: https://www.econbiz.de/10012696432
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Optimal Labor Contracts, Imperfect Competition and Underemployment Equilibria : A Framework for Analysis
Cooper, Russell - 1986
theory. This permits an evaluation of the role of labor market behavior in producing these coordination failures and a study …
Persistent link: https://www.econbiz.de/10012477009
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Do Deferred Wages Dominate Involuntary Unemployment as a Worker Discipline Device?
Akerlof, George A. - 1986
In the most widely analyzed type of efficiency wage model of involuntary unemployment, firms pay wages in excess of market clearing to give workers an incentive not to shirk. Such payments in excess of market clearing and the resultant equilibrium unemployment act as a worker discipline device....
Persistent link: https://www.econbiz.de/10012477045
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Implicit Contracts : A Survey
Rosen, Sherwin - 1985
: otherwise, contracts are efficient and pareto optimal by construction. There is a close relation between contract theory and … neoclassical labor market theory. Contracts smooth consumption, but increase the volatility of labor supply and labor utilization …
Persistent link: https://www.econbiz.de/10012477445
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The Equilibrium Approach to Labor Markets
Rosen, Sherwin - 1983
This paper exposits the modern theory of equalizing differences,viewed as optimal assignments of workers to jobs. The …, the value of safety and the theory of implicit contracts. Issues raised by assignment stratification according to worker … and occupational choice illustrate this aspect of the theory …
Persistent link: https://www.econbiz.de/10012477935