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Long-run consequences of informal elderly care and implications of public long-term care insurance
Korfhage, Thorben; Fischer, Björn - 2023
We estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor market frictions and the German tax and benefit system. We find that in the absence of Germany's public long-term insurance scheme, informal elderly care has adverse and persistent...
Persistent link: https://www.econbiz.de/10014330997
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Matching, wage rigidities and efficient severance pay
Fella, Giulio - 2012
This paper studies the effect of mandated severance pay in a matching model featuring wage rigidity for ongoing, but …
Persistent link: https://www.econbiz.de/10009668414
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The impact of short- and long-term participation tax rates on labor supply
Bartels, Charlotte; Pestel, Nico - 2015
Generous income support programs as provided by European welfare states have often been blamed to hamper employment. This paper investigates the importance of incentives inherent in the tax-benefit system for the individual decision to take up work. Using German microdata over the period...
Persistent link: https://www.econbiz.de/10011295803
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Minimally Altruistic Wages and Unemployment in a Matching Model
Rotemberg, Julio J. - 2010
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10012759577
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Mismatch
Shimer, Robert - 2010
This paper develops a dynamic model of mismatch. Workers and jobs are randomly assigned to labor markets. Each labor market clears at each instant but some labor markets have more workers than jobs, hence unemployment, and some have more jobs than workers, hence vacancies. As workers and jobs...
Persistent link: https://www.econbiz.de/10012761787
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Wages and Informality in Developing Countries
Meghir, Costas - 2012
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...
Persistent link: https://www.econbiz.de/10013101278
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Sign Restrictions, Structural Vector Autoregressions, and Useful Prior Information
Baumeister, Christiane - 2014
This paper makes the following original contributions to the literature. (1) We develop a simpler analytical characterization and numerical algorithm for Bayesian inference in structural vector autoregressions that can be used for models that are overidentified, just-identified, or...
Persistent link: https://www.econbiz.de/10013040238
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Dynamics of Labor Demand : Evidence from Plant-Level Observations and Aggregate Implications
Cooper, Russell; Haltiwanger, John; Willis, Jonathan L. - 2021
This paper studies the dynamics of labor demand at the plant and aggregate levels. The correlation of hours and employment growth is negative at the plant level and positive in aggregate time series. Further, hours and employment growth are about equally volatile at the plant level while hours...
Persistent link: https://www.econbiz.de/10013246389
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A Beveridge curve decomposition for Austria : what drives the unemployment rate?
Christl, Michael - 2019
stated that matching efficiency decreased. Using a new decomposition method, combined with detailed labour market flow data …, we are the first to disentangle supply-side, demand-side and matching factors, which could potentially cause a shift in … the shift in the Beveridge curve after 2014 was mainly caused by a decrease in matching efficiency, indicating a rising …
Persistent link: https://www.econbiz.de/10011962116
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Job displacement risk and severance pay
Cozzi, Marco; Fella, Giulio - 2016
This paper is a quantitative, equilibrium study of the insurance role of severance pay when workers face displacement risk and markets are incomplete. A key feature of our model is that, in line with an established empirical literature, job displacement entails a persistent fall in earnings upon...
Persistent link: https://www.econbiz.de/10011458292