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This paper analyzes the allocation of workers to jobs and the wage distribution in Germany. Our main contribution is to …
Persistent link: https://www.econbiz.de/10012981286
This paper contributes to the analysis of central vs. decentral (firm-level) labour market negotiations. We argue that during negotiations on a central scale employers and employees plausibly take output market effects into account, while they behave competitively during firm-level negotiations....
Persistent link: https://www.econbiz.de/10013072513
This paper characterizes efficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...
Persistent link: https://www.econbiz.de/10013017376
meeting probability. Using the German Job Vacancy Survey, we test the implications of our theory and find strong support for …
Persistent link: https://www.econbiz.de/10013025585
There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found relation between matches on the one hand and unemployment and vacancies on the other hand can be the result of different underlying mechanisms. Obviously, it can be generated by...
Persistent link: https://www.econbiz.de/10012988302
respect to participants' Locus of Control that are consistent with psychological theory. The low costs of our intervention …
Persistent link: https://www.econbiz.de/10012964627
This paper investigates the influence of industrial relations on firm wage premia in Germany. OLS regressions for the …
Persistent link: https://www.econbiz.de/10013315426
We review the labor market implications of recent real-business-cycle models that successfully replicate the empirical equity premium. We document the fact that all models considered in this survey with the exception of Boldrin, Christiano, and Fisher (2001) imply a negative correlation of...
Persistent link: https://www.econbiz.de/10013093653
substantial reduction in the output cost of recessions and a more moderate reduction in the welfare cost of recessions in Germany …
Persistent link: https://www.econbiz.de/10012964065
We exploit the non-linearity in the level of minimum wages across US States created by the coexistence of federal and state regulations to investigate how minimum wages affect the labor market impact of immigration. We find that the effects of immigration on labor market outcomes of native...
Persistent link: https://www.econbiz.de/10012951556