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Strategic wage setting and coordination frictions with multiple applications

Gautier, Pieter A.; Moraga-González, José Luis - 2004

We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...

Persistent link: https://www.econbiz.de/10010261061

Time limits on welfare use under involuntary unemployment

Holzner, Christian; Meier, Volker; Werding, Martin - 2004

The impacts of introducing or tightening time limits on welfare use are studied in an efficiency wage model. Those losing access to regular benefits receive some smaller benefit, which can be interpreted as food stamps. Stricter time limits raise both employment and profits and generally reduce...

Persistent link: https://www.econbiz.de/10010261217

Introducing time-to-educate in a job search model

Becker, Sascha O. - 2005

Transition patterns from school to work differ considerably across OECD countries. Some countries exhibit high youth unemployment rates, which can be considered an indicator of the difficulty facing young people trying to integrate into the labor market. At the same time, education is a...

Persistent link: https://www.econbiz.de/10010261362

An Efficiency-Wage Model with Habit Concerns About Wages

Goerke, Laszlo - 2020

We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...

Persistent link: https://www.econbiz.de/10012828115

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

Rules of proof, courts, and incentives

Demougin, Dominique M.; Fluet, Claude - 2007

We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...

Persistent link: https://www.econbiz.de/10010273769

Monitoring a common agent : implications for financial contracting

Khalil, Fahad; Martimort, David; Parigi, Bruno Maria - 2005

We study the problem of multiple principals who want to obtain income from a privately informed agent and design their contracts non-cooperatively. Our analysis reveals that the degree of coordination between principals has strong implications for the shapes of contracts and the amount of...

Persistent link: https://www.econbiz.de/10010261310

COVID-Induced School Closures in the US and Germany : Long-Term Distributional Effects

Fuchs-Schündeln, Nicola - 2022

Almost all countries worldwide closed schools at the outbreak of the Covid-19 crisis. I document that schooling time dropped on average by -55% in the US and -45% in Germany from the onset of the crisis to the summer of 2021. In the US, schools were closed longer in richer than in poorer areas,...

Persistent link: https://www.econbiz.de/10013291960

Wages, Skills, and Skill-Biased Technical Change : The Canonical Model Revisited

Bowlus, Audra; Robinson, M. Chris; Lochner, Lance; … - 2021

recessions). Second, we link SBTC to direct measures of information technology investment expenditures and show that these …

Persistent link: https://www.econbiz.de/10013217553

Qualifying religion: the role of plural identities for educational production

Boppart, Timo; Falkinger, Josef; Grossmann, Volker; … - 2008

covers, inter alia, information on numerous measures of school inputs in 169 Swiss districts for the years 1871/72, 1881 … harmful only in a conservative milieu. We also exploit information on absenteeism of pupils from school to separate provision …

Persistent link: https://www.econbiz.de/10010264348