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, sector division, unemployment and welfare. …
Persistent link: https://www.econbiz.de/10012142242
A firm monopsonistically hires labor from a pool containing both skilled and unskilled workers. The marginal value of a worker depends on the match between the job and the worker's skill level. Unskilled workers can have negative productivity if they are placed in a skilled job. The firm cannot...
Persistent link: https://www.econbiz.de/10010295561
How does technical progress affect long-term unemployment? The relationship between long-term unemployment and the rate … qualification-mismatch effect, increasing technological progress has adverse implications for long-term unemployment. Furthermore … favorable or less favorable for long-term unemployment depending on whether the creative destruction effect or the …
Persistent link: https://www.econbiz.de/10010295584
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