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Wages and Employment : The Role of Occupational Skills
Girsberger, Esther Mirjam - 2018
How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and …
Persistent link: https://www.econbiz.de/10012912688
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Labor Market Sorting in Germany
Lochner, Benjamin - 2016
This paper analyzes the allocation of workers to jobs and the wage distribution in Germany. Our main contribution is to reconcile prominent empirical models of wage dispersion (Abowd et al., 1999; Card et al., 2013) with theoretical sorting models (Shimer and Smith, 2000; Eeckhout and Kircher, 2011;...
Persistent link: https://www.econbiz.de/10012981286
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Can Subsidising Job-Related Training Reduce Inequality?
Angelopoulos, Konstantinos - 2017
A well-established stylised fact is that employer provided job-related training raises productivity and wages. Using UK data, we further find that job-related training is positively related to subsidies aimed at reducing training costs for employers. We also find that there is a positive, albeit...
Persistent link: https://www.econbiz.de/10012948253
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General Education, Vocational Education, and Labor-Market Outcomes over the Life-Cycle
Hanushek, Eric A.; Woessmann, Ludger; Zhang, Lei - CESifo - 2011
. But with rapid technological change, gains in youth employment from vocational education may be offset by less … adaptability and thus diminished employment later in life. To test our main hypothesis that any relative labor-market advantage of … vocational education decreases with age, we employ a difference-in-differences approach that compares employment rates across …
Persistent link: https://www.econbiz.de/10009351470
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Efficient Firm Dynamics in a Frictional Labor Market
Kaas, Leo - 2015
The introduction of firm size into labor search models raises the question how wages are set when average and marginal product differ. We develop and analyze an alternative to the existing bargaining framework: Firms compete for labor by publicly posting long–term contracts. In such a...
Persistent link: https://www.econbiz.de/10013038280
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Cyclical Unemployment, Structural Unemployment
Diamond, Peter A. - 2021
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of unemployment and vacancy rates and the related matching...
Persistent link: https://www.econbiz.de/10013315812
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The Price and Employment Response of Firms to the Introduction of Minimum Wages
Link, Sebastian - 2021
This paper studies the price and employment response of firms to the introduction of a nation-wide minimum wage in … Germany. In line with previous studies, the estimated employment effect is only modestly negative and statistically …
Persistent link: https://www.econbiz.de/10013315367
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Are the Spanish Long-Term Unemployed Unemployable?
Bentolila, Samuel - 2017
large share of temporary contracts, but once we restrict attention to employment spells lasting at least one month these …
Persistent link: https://www.econbiz.de/10012961076
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Minimum Wages in the Presence of In-Kind Redistribution
Economides, George - 2017
To many economists the public's support for the minimum wage (MW) institution is puzzling, since the MW is considered a “blunt instrument” for redistribution. To delve deeper in this issue we build models in which workers are heterogeneous in ability. In the first model, the government does...
Persistent link: https://www.econbiz.de/10012951678
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Reforming an Insider-Outsider Labor Market : The Spanish Experience
Bentolila, Samuel - 2011
This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees makes real reform much harder, and leads to purely marginal changes that do not alter...
Persistent link: https://www.econbiz.de/10013117509