Narrow search
Showing 1 - 6 of 6
Cover Image
Labor market institutions and the business cycle Unemployment rigidities vs. real wage rigidities
Abbritti, Mirko; Weber, Sebastian - 2010
This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … New Keynesian framework we argue that labor market institutions should be divided into those institutions that cause …
Persistent link: https://www.econbiz.de/10011605229
Cover Image
Moral costs, the informal sector and unemployment
Kolm, Ann-Sofie; Larsen, Birthe - 2001
, sector division, unemployment and welfare. …
Persistent link: https://www.econbiz.de/10012142242
Cover Image
Credit supply and human capital: Evidence from bank pension liabilities
Barbosa, Luciana; Bilan, Andrada; Célérier, Claire - 2019
We identify the effects of exogenous credit constraints on firm ability to attract and retain skilled workers. To do so, we exploit a shock to the value of the pension obligations of Portuguese banks resulting from a change in accounting norms. Using bank-firm credit exposures that we match with...
Persistent link: https://www.econbiz.de/10012142115
Cover Image
Can insider power affect employment?
Díaz-Vázquez, Pilar; Snower, Dennis J. - 2002
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....
Persistent link: https://www.econbiz.de/10010332696
Cover Image
Inflation dynamics with labour market matching: assessing alternative specifications
Christoffel, Kai; Costain, James; de Walque, Gregory; … - 2009
This paper reviews recent approaches to modeling the labour market and assesses their implications for inflation dynamics through both their effect on marginal cost and on price-setting behaviour. In a search and matching environment, we consider the following modeling setups: right-to-manage...
Persistent link: https://www.econbiz.de/10011605099
Cover Image
Macroeconomic stabilisation properties of a euro area unemployment insurance scheme
Kaufmann, Christoph; Attinasi, Maria Grazia; … - 2020
supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and in ation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …
Persistent link: https://www.econbiz.de/10012422090