Showing 1 - 8 of 8
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …
Persistent link: https://www.econbiz.de/10010371904
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011444082
wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10012619265
generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform …’s steady state unemployment and that partial and equilibrium effect were nearly of equal importance. In addition, we provide …
Persistent link: https://www.econbiz.de/10012485370
restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … Employment Agency did not contribute to the decline in unemployment in Germany. By contrast, improved activation of unemployed …Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the …
Persistent link: https://www.econbiz.de/10014247120
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/10011306109
relation between matches on the one hand and unemployment and vacancies on the other hand can be the result of different …
Persistent link: https://www.econbiz.de/10011482505
This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...
Persistent link: https://www.econbiz.de/10011864654