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of sanctions, in line with Bulow and Rogoff (1989). Using a unique dataset on 438 lending contracts derived from the …
Persistent link: https://www.econbiz.de/10004970981
double auction. There are frictions due to costly search and time discounting, parameterized by a single number t > 0 …
Persistent link: https://www.econbiz.de/10004975581
equilibria in which not every meeting results in trade. All equilibria converge to perfect competition as the frictions of search …
Persistent link: https://www.econbiz.de/10004977021
This paper examines the role of EI in providing support to “displaced workers,†those who permanently lose their jobs because of changing circumstances. Adjusting to change benefits Canadians as a whole. However, some workers suffer much more from job loss than do others. Those who...
Persistent link: https://www.econbiz.de/10009395120
Change is an enduring feature of the economy and the labour market, even in normal times. The importance of adjusting to change, and of policies that promote adjustment, has been a recurring theme throughout David Dodge’s distinguished career. This paper deals with “displaced...
Persistent link: https://www.econbiz.de/10005008698
consumption smoothing benefit of UI is acyclical. Using these estimates to calibrate our job search model, we find that a one … responsiveness of search effort as opposed to reservation wages. …
Persistent link: https://www.econbiz.de/10011184382
Examples of educational mismatch and overqualifcation in the labour market can often be found in the same office building – the clerical worker with a bachelor’s degree reporting to a manager with a high school education – as an example. Some have argued that mismatch in...
Persistent link: https://www.econbiz.de/10011184421