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The High Unemployment Trap
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992
A model of the labour market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment equilibrium coexisting with a high-quits/low-unemployment...
Persistent link: https://www.econbiz.de/10005791589
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Working-Time Regulation, Firm Heterogeneity, and Efficiency
Ortega, Javier - C.E.P.R. Discussion Papers - 2003
A labour-matching economy with ex post heterogeneous firms is presented. When bargaining over the wage, firms and workers do not know the level of product demand. Once demand is realized, hours of work are chosen. We show that the existence of a legal workweek may enhance efficiency with respect...
Persistent link: https://www.econbiz.de/10005792262
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Employment and Distributional Effects of Restricting Working Time
Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1999
We study the emplyment and distributional effects of regulating (reducing) working time in a general equilibrium model with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns. We characterize the equilibrium in the de-regulated...
Persistent link: https://www.econbiz.de/10005067610
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A Three State Model of Worker Flows in General Equilibrium
Krusell, Per; Mukoyama, Toshihiko; Rogerson, Richard; … - C.E.P.R. Discussion Papers - 2009
We develop a simple model featuring search frictions and a nondegenerate labor supply decision along the extensive margin. The model is a standard version of the neoclassical growth model with indivisible labor with idiosyncratic shocks and frictions characterized by employment loss and...
Persistent link: https://www.econbiz.de/10005068285
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How Large are Search Frictions?
Gautier, Pieter A; Teulings, Coen N - C.E.P.R. Discussion Papers - 2003
This Paper presents strong evidence for the concavity of wages in job and worker characteristics by adding second order terms to a Mincerian earnings function for six OECD countries. Under a standard normality assumption, this concavity cannot be attributed to unobserved components in those...
Persistent link: https://www.econbiz.de/10005666739
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How Large are Search Frictions?
Gautier, Pieter A; Teulings, Coen N - C.E.P.R. Discussion Papers - 2005
This paper shows that we can normalize job and worker characteristics such that without frictions there exists a linear relationship between wages on the one hand and worker and job type indices on the other. However, for five European countries and the US we find strong evidence for a...
Persistent link: https://www.econbiz.de/10005792202
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Small Scale Reservation Laws and the Misallocation of Talent
García-Santana, Manuel; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2011
In this paper we quantify the effects of the Small Scale Reservation Laws in India on the aggregate productivity, aggregate output and welfare of the Indian economy. To this end, we extend the span-of-control model by Lucas (1978) into a multi-sector setting and embed it into the neo-classical...
Persistent link: https://www.econbiz.de/10008854474
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Cultural diversity and entrepreneurship in England and Wales
Hardy, Daniel; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2014
populations. First, more that demonstrating the importance of cultural diversity for entrepreneurship, we show that the type of …
Persistent link: https://www.econbiz.de/10011083888
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Which Institutions Encourage Entrepreneurs to Create Larger Firms?
Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz - C.E.P.R. Discussion Papers - 2011
We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across … grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001 …
Persistent link: https://www.econbiz.de/10008854547
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Renascent Men or Entrepreneurship as a One-Night Stand: Entrepreneurial Intentions Subsequent to Firm Exit
Audretsch, David B; Meijaard, Joris; Stam, Erik - C.E.P.R. Discussion Papers - 2005
While a large literature has emerged focusing on nascent entrepreneurship, the propensity for ex-entrepreneurs to … consider re-entering into entrepreneurship, or what we term here as renascent entrepreneurship, has been generally overlooked … underlying but unobservable endowment of entrepreneurial skills from entering into entrepreneurship, there is virtually nothing …
Persistent link: https://www.econbiz.de/10005124242