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Short-Time Work Subsidies in a Matching Model
Meier, Volker - 2019
demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases …
Persistent link: https://www.econbiz.de/10012892292
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Wage Bargaining and Labor Market Policy with Biased Expectations
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023
Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and studies the implications of biased expectations for wage bargaining, vacancy...
Persistent link: https://www.econbiz.de/10014358405
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Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy
González, Beatriz; Nuno, Galo; Thaler, Dominik; … - 2021
We analyze monetary policy in a New Keynesian model with heterogeneous firms and financial frictions. Firms differ in their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends on the time-varying distribution of firms. Although a...
Persistent link: https://www.econbiz.de/10013311708
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Will Markets Provide Humane Jobs? A Hypothesis
Nekoei, Arash - 2022
Most of the key amenities of our today jobs did not emerge in private contracts; instead, they appeared in collective agreements and regulations. I argue that understanding this observation can guide the provision of future amenities. I show that markets underprovide an amenity if workers who...
Persistent link: https://www.econbiz.de/10013307213
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Does it Matter When Labor Market Reforms are Implemented? The Role of the Monetary Policy Environment
Lastauskas, Povilas - 2019
introduced in periods when monetary tightening prevailed? Since economic theory usually pays attention to the steady state change …
Persistent link: https://www.econbiz.de/10012861428
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Long-Term Effects of Hiring Subsidies for Unemployed Youths—Beware of Spillovers
Albanese, Andrea; Cockx, Bart; Dejemeppe, Muriel - 2022
We use (donut) regression discontinuity design and difference-in-differences estimators to estimate the impact of a one-shot hiring subsidy targeted at low-educated unemployed youths during the Great Recession recovery in Belgium. The subsidy increases job-finding in the private sector by 10...
Persistent link: https://www.econbiz.de/10014244086
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Misallocation in Firm Production : A Nonparametric Analysis Using Procurement Lotteries
Carrillo, Paul E.; Donaldson, Dave; Pomeranz, Dina; … - 2023
How costly is the misallocation of production that we might expect to result from distortions such as market power, incomplete contracts, taxes, regulations, or corruption? This paper develops new tools for the study of misallocation that place minimal assumptions on firms’ underlying...
Persistent link: https://www.econbiz.de/10014347985
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Paying to Match : Decentralized Markets with Information Frictions
Agranov, Marina; Dianat, Ahrash; Samuelson, Larry; … - 2021
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to …
Persistent link: https://www.econbiz.de/10013250740
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The Short and the Long of it : Stock-Flow Matching in the US Housing Market
Smith, Eric; Xie, Zoe; Fang, Lei - 2022
viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics …
Persistent link: https://www.econbiz.de/10014243085
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Strikes, Employee Workplace Representation, Unionism, and Industrial Relations Quality in European Establishments
Addison, John T. - 2019
Using cross-country data, this paper investigates the relationship between workplace representation and strikes. Works councils are associated with reduced strike activity. However, where union members make up a majority of works councillors, such union-dominated councils experience greater...
Persistent link: https://www.econbiz.de/10012892227