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A Tale of Two Neighbour Economies: Labour Market Dynamics in Spain and Portugal

Castillo, Sonsoles; Dolado, Juan J.; Jimeno, Juan F - C.E.P.R. Discussion Papers - 1998

Spain and Portugal are two neighbour economies which share many characteristics. Spanish unemployment is more than … double Portuguese unemployment, however. In this chapter we resort to Structural Vector Autoregression (SVAR) techniques to …, their effects on unemployment were much more long-lasting in Spain than in Portugal. …

Persistent link: https://www.econbiz.de/10005661486

Recent Trends in Occupational Segregation by Gender: A Look Across the Atlantic

Dolado, Juan J.; Felgueroso, Florentino; Jimeno, Juan F - C.E.P.R. Discussion Papers - 2002

In this Paper, we analyse the recent patterns of occupational segregation by gender in the EU countries vis-á-vis the US. Given the lack of long time-series data on homogeneous LFS data about occupations and educational attainments for male and female workers in EU countries, we use a single...

Persistent link: https://www.econbiz.de/10005136766

Regional Unemployment Persistence (Spain, 1976-94)

Bentolila, Samuel; Jimeno, Juan F - C.E.P.R. Discussion Papers - 1995

This paper examines the degree of persistence of regional relative unemployment. A theoretical model is built to … such persistence. The model is used to account for the observed degree of persistence of regional relative unemployment in …

Persistent link: https://www.econbiz.de/10005662181

Efficiency Wages Revisited: The Internal Reference Perspective

Danthine, Jean-Pierre; Kurmann, Andre - C.E.P.R. Discussion Papers - 2004

The missing wage rigidity in general equilibrium models of efficiency wages is an artifact of the external wage reference perspective conventionally adopted by the literature. Efficiency wage models based on an internal wage reference perspective are capable of generating strong wage rigidity....

Persistent link: https://www.econbiz.de/10005124415

The Business Cycle Implications of Reciprocity in Labour Relations

Danthine, Jean-Pierre; Kurmann, Andre - C.E.P.R. Discussion Papers - 2007

We develop a reciprocity-based model of wage determination and incorporate it into a modern dynamic general equilibrium framework. We estimate the model and find that, among potential determinants of wage policy, rent-sharing (between workers and firms) and a measure of wage entitlement are...

Persistent link: https://www.econbiz.de/10005136735

Fair Wages in a New Keynesian Model of the Business Cycle

Danthine, Jean-Pierre; Kurmann, Andre - C.E.P.R. Discussion Papers - 2002

We build a New Keynesian model of the business cycle with sticky prices and real wage rigidities motivated by efficiency wages of the gift exchange variety. Compared to a standard sticky price model, our Fair Wage model provides an explanation for structural employment and generates more...

Persistent link: https://www.econbiz.de/10005067494

The Macroeconomic Consequences of Reciprocity in Labour Relations

Danthine, Jean-Pierre; Kurmann, Andre - C.E.P.R. Discussion Papers - 2005

We develop and analyse a structural model of efficiency wages founded on reciprocity. Workers are assumed to face an explicit trade-off between the disutility of providing effort and the psychological benefit of reciprocating the gift of a wage offer above some reference level. The model...

Persistent link: https://www.econbiz.de/10005504485

Wage Bargaining Structure, Employment and Economic Integration

Danthine, Jean-Pierre; Hunt, Jennifer - C.E.P.R. Discussion Papers - 1992

It is widely believed that the integration of European economies will have little impact on labour mobility. This does not mean, however, that European labour markets will be unaffected by the process of economic integration. In this paper we show that with increased competition from closer...

Persistent link: https://www.econbiz.de/10005656215

The Fall in Consumption from Being Unemployed in Spain and Portugal

Castillo, Sonsoles; Dolado, Juan J.; Jimeno, Juan F - C.E.P.R. Discussion Papers - 1998

In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …

Persistent link: https://www.econbiz.de/10005662198

On-the-Job Search in a Matching Model with Heterogeneous Jobs and Workers

Dolado, Juan J.; Jansen, Marcel; Jimeno, Juan F - C.E.P.R. Discussion Papers - 2003

This paper considers a matching model with heterogeneous jobs (unskilled and skilled) and workers (low- and high-educated) which allows for on-the-job search by mismatched workers. The latter are high-educated workers who transitorily accept unskilled jobs and continue to search for skilled...

Persistent link: https://www.econbiz.de/10005662403