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The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...
Persistent link: https://www.econbiz.de/10005791663
The main questions addressed in this paper are: First, how did labour markets in the Visegrad countries react to the breakdown of a command economy and the transformation to a market economy? Second, which way ahead is likely, or to put it differently, what should be done now to improve...
Persistent link: https://www.econbiz.de/10005067622
We analyse the impact of unemployment benefits and minimum wages using an equilibrium search model, which allows for … estimation method uses readily available aggregate data on marginal distributions of unemployment durations as well as wages and …
Persistent link: https://www.econbiz.de/10005123878
find that those who earn near-minimum wages are disproportionately female, unmarried and young, without post …-income households. Using various plausible parameters for the effect of minimum wages on hourly wages and employment, I estimate the …
Persistent link: https://www.econbiz.de/10005032858
In order to offer a balanced assessment of the role of minimum wages in the Welfare State, seven basic questions need … different countries?; (iii) To what extent do minimum wages have the adverse consequences that standard analysis predict?; (iv …) Are there strong theoretical grounds underlying the revisionist results?; (v) Who supports minimum wages?; (vi) Under …
Persistent link: https://www.econbiz.de/10005792459
-sharing due to search frictions implies that ‘good’ jobs which have higher creation costs must pay higher wages. This wage … number of good jobs. Minimum wages and unemployment insurance encourage workers to wait for higher wages, and therefore … composition of jobs improves considerably in response to higher minimum wages and more generous unemployment benefits. …
Persistent link: https://www.econbiz.de/10005662323
1990s affected the labour market. Our estimates indicate that formal wages fall by between 1.4% and 2.3% as a result of a …
Persistent link: https://www.econbiz.de/10005666748
the training and wages of full-time men. We explore the extent to which the data are consistent with the predictions of … employers. Our fixed effects estimates reveal that this training is associated with higher wages in current and in future firms …
Persistent link: https://www.econbiz.de/10004971374
We estimate a model of the joint participation and mobility along with the individuals' wage formation in France. Our model makes it possible to distinguish between unobserved person heterogeneity and state-dependence. We estimate the model using state of the art Bayesian methods employing a...
Persistent link: https://www.econbiz.de/10005123576
Despite stringent dismissal restrictions in most European countries, rates of job creation and destruction are remarkably similar across European and North American labour markets. This paper shows that relative-wage compression is conducive to higher employer-initiated job turnover, and argues...
Persistent link: https://www.econbiz.de/10005123756