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Worker identity, employment fluctuations and stabilization policy

Snower, Dennis J.; Lechthaler, Wolfgang - 2013

This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances...

Persistent link: https://www.econbiz.de/10009752694

Worker Identity, Employment Fluctuations and Stabilization Policy

Snower, Dennis J.; Lechthaler, Wolfgang - 2013

This paper provides a model of social hysteresis whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances fall....

Persistent link: https://www.econbiz.de/10010319518

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

Persistent link: https://www.econbiz.de/10011412072

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...

Persistent link: https://www.econbiz.de/10010278021

Wage formation between newly hired workers and employers : survey evidence

Hall, Robert Ernest (contributor); … - 2008

Some workers bargain with prospective employers before accepting a job. Others could bargain, but find it undesirable, because their right to bargain has induced a sufficiently favorable offer, which they accept. Yet others perceive that they cannot bargain over pay; they regard the posted wage...

Persistent link: https://www.econbiz.de/10003769583

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

Persistent link: https://www.econbiz.de/10001687604

On-the-job training, firing costs and employment

Díaz-Vázquez, Pilar; Snower, Dennis J. - 2003

This paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over the booms and recessions of the business cycle).

Persistent link: https://www.econbiz.de/10010265395

Wage formation between newly hired workers and employers: survey evidence

Hall, Robert E.; Krueger, Alan B. - 2008

Persistent link: https://www.econbiz.de/10010269370

The evolution of inflation and unemployment: Explaining the roaring nineties

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007

This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a … has not only persistent, but permanent real effects, giving rise to a long-run inflation-unemployment tradeoff. We … the US unemployment and inflation trajectories during the nineties. …

Persistent link: https://www.econbiz.de/10010276420

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

empirical regularities that the conventional matching model cannot. -- Matching ; incentives ; adjustment costs ; unemployment …

Persistent link: https://www.econbiz.de/10003832116