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Sorting and the output loss due to search frictions
Gautier, Pieter; Teulings, Coen N. - 2011
. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …
Persistent link: https://www.econbiz.de/10009010505
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Collective versus decentralized wage bargaining and the efficient allocation of resources
Cai, Xiaoming; Gautier, Pieter; Watanabe, Makoto - 2015 - September 2012
An advantage of collective wage agreement is that search and business-stealing externalities can be internalized. A disadvantage is that it takes more time before an optimal allocation is reached because more productive firms (for a particular worker type) can no longer signal this by posting...
Persistent link: https://www.econbiz.de/10011309217
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Poverty, income distribution, and growth : are they still connected?
Blank, Rebecca M. - In: Brookings papers on economic activity : BPEA (1993), pp. 285-325
Persistent link: https://www.econbiz.de/10001216838