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Dismissal disputes and endogenous sorting
Garibaldi, Pietro; Pfann, Gerard A. - 2015
Dismissal disputes occur mostly in recessions and often lead to long and costly contract termination procedures. This paper investigates how dispute procedures may affect the job-matching process. First we present a simple accounting frame- work that corresponds with general dismissal...
Persistent link: https://www.econbiz.de/10011289335
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Output costs of education and skill mismatch
Garibaldi, Pietro; Gomes, Pedro; Sopraseuth, Thepthida - 2020
We propose a simple theory of under- and over-employment. Individuals of high type can perform both skilled and unskilled jobs, but only a fraction of low-type workers can perform skilled jobs. People have different non-pecuniary values over these jobs, akin to a Roy model. We calibrate two...
Persistent link: https://www.econbiz.de/10012177689
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Labor Market Flows and Equilibrium Search Unemployment
Garibaldi, Pietro; Wasmer, Etienne - 2001
This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages … individuals do not search for jobs when non-employed. Facing changes in the value of inactivity, individuals transit through three …
Persistent link: https://www.econbiz.de/10010262607
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Equilibrium employment in a model of imperfect labor markets
Garibaldi, Pietro (contributor); Wasmer, Etienne (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001868919
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The labor market consequences of adverse financial shocks
Boeri, Tito; Garibaldi, Pietro; Moen, Espen R. - 2012
The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great …
Persistent link: https://www.econbiz.de/10009613676
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Labor market flows and equilibrium search unemployment
Garibaldi, Pietro; Wasmer, Etienne - 2001
This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages … individuals do not search for jobs when non-employed. Facing changes in the value of inactivity, individuals transit through three …
Persistent link: https://www.econbiz.de/10011405565
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Temporary replacement workers in a matching model with employment at will
Garibaldi, Pietro; Gomes, Pedro - 2022
In the US almost 3 per cent of employees are absent from their job for reasons other than vacation, but are still technically employed. We argue that firms may find optimal to use temporary replacement workers to fill these vacant positions. We set up a matching model with directed search and...
Persistent link: https://www.econbiz.de/10013346998