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Karanassou, Marika; Snower, Dennis J. - 2002

This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10010265548

Unemployment Invariance

Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002

This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10005822664

How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998

This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the outcome of the interplay between labour market shocks...

Persistent link: https://www.econbiz.de/10005504680

A Contribution to Unemployment Dynamics

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995

This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are examined: (i) `unemployment persistence', arising when...

Persistent link: https://www.econbiz.de/10005791454

The insider-outsider theory: a survey

Lindbeck, Assar; Snower, Dennis J. - 2002

costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …

Persistent link: https://www.econbiz.de/10010292491

On-the-job training and the effects of insider power

Díaz-Vázquez, Pilar; Snower, Dennis J. - 2002

will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an … insider wage hike reduces recession-time employment but, in the presence of on-the-job training, increases boom …-time employment. Thus on-the-job training can make insider wage hikes less detrimental to average employment (over booms and …

Persistent link: https://www.econbiz.de/10010265593

Comparing the effectiveness of employment subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2007

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency (AWE). Thereby we can identify policies that (a) improve employment and welfare, (b) do not raise earnings inequality …

Persistent link: https://www.econbiz.de/10010277966

Centralized Bargaining, Multi-Tasking and Work Incentives

Lindbeck, Assar; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999

The paper examines the implications for wage bargaining of an important aspect of the ongoing reorganization of work - the move from occupational specialization toward multi-tasking. The analysis shows how, on account of such reorganization, centralized bargaining becomes increasingly...

Persistent link: https://www.econbiz.de/10005703276

Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2007

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a) improve employment and welfare, (b) do not raise earnings inequality …

Persistent link: https://www.econbiz.de/10005762441

Restructuring Production and Work

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995

The paper analyses the contemporary organizational restructuring of production and work and derives some salient implications for the labour market. The analysis focuses on the switch from occupational specialization at 'Tayloristic' organizations to multi-tasking at 'holistic' organizations....

Persistent link: https://www.econbiz.de/10005504765