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Are the Spanish Long-Term Unemployed Unemployable?
Bentolila, Samuel - 2017
Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects … around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its … characteristics such as mature age, lack of experience, and entitlement to unemployment benefits are key to understand the cross …
Persistent link: https://www.econbiz.de/10012961076
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Asymmetric Information Renders Minimum Wages Less Harmful
Schöb, Ronnie - 2009
to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric …
Persistent link: https://www.econbiz.de/10013160522
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Implicit vs. Explicit Incentives : Theory and a Case Study
Demougin, Dominique - 2009
We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...
Persistent link: https://www.econbiz.de/10013159705
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Minimum Wages and Their Alternatives : A Critical Assessment
Knabe, Andreas - 2008
issues for the exemplary case of Germany that suffers from high unemployment among low-skilled workers and rising wage …
Persistent link: https://www.econbiz.de/10012768248
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Minimum Wage Incidence : The Case for Germany
Knabe, Andreas - 2008
Unemployment Benefits II, do not benefit from a minimum wage at all. Comparing the effects of a minimum wage with different types …
Persistent link: https://www.econbiz.de/10012769311
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Labour Taxation and Foreign Direct Investment
Egger, Peter H. - 2008
This paper analyzes the implications of effective taxation of labor for profits and, hence, the location decision of a multinational enterprise. We set up a stylized partial equilibrium model and, presuming that worker effort is a function of net wages, assume that a higher employee-borne tax...
Persistent link: https://www.econbiz.de/10012771798
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Institutions and Contract Enforcement
Falk, Armin - 2008
We provide evidence on how two important types of institutions - dismissal barriers, and bonus pay - affect contract enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a strong negative impact on worker performance, and...
Persistent link: https://www.econbiz.de/10012772046
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Are Real Wages Rigid Downwards?
Holden, Steinar - 2013
This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973-1999, using data for hourly nominal earnings at industry level. Based on a nonparametric statistical method, which allows for country and year specific variation in both the median...
Persistent link: https://www.econbiz.de/10012753919
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Wage Rigidity, Institutions, and Inflation
Holden, Steinar; Wulfsberg, Fredrik - 2021
A number of recent studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries. However, DNWR for individual workers may induce downward rigidity or "a floor" for the aggregate wage growth at positive or negative levels. Aggregate wage growth...
Persistent link: https://www.econbiz.de/10013316399
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Spatial Sorting: Why New York, Los Angeles and DetroitAttract the Greatest Minds as well as the Unskilled
Eeckhout, Jan; Pinheiro, Roberto; Schmidheiny, Kurt - CESifo - 2010
We propose a theory of skill mobility across cities. It predicts the well documented city size-wage premium: the wage distribution in large cities first-order stochastically dominates that in small cities. Yet, because this premium is reflected in higher house prices, this does not necessarily...
Persistent link: https://www.econbiz.de/10008799725