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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

What hides behind the German labor market miracle? : unemployment insurance reforms and labor market dynamics

Hartung, Benjamin; Jung, Philip; Kuhn, Moritz - 2018

A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor … 76% of declining unemployment after the reform, a fact unexplained by existing research focusing on job finding rates … causally link our empirical findings to the reduction in long-term unemployment benefits using a heterogeneous-agent labor …

Persistent link: https://www.econbiz.de/10011951559

Human capital risk, contract enforcement, and the macroeconomy

Krebs, Tom; Kuhn, Moritz; Wright, Mark L. J. - 2015

We use data from the Survey of Consumer Finance and Survey of Income Program Participation to show that young households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable macroeconomic model with human capital risk, age-dependent...

Persistent link: https://www.econbiz.de/10011308568

Should unemployment insurance be asset-tested?

Koehne, Sebastian; Kuhn, Moritz - 2013

We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … incentive to save and fewer private resources are used for consumption smoothing during unemployment. Our results show that in a … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …

Persistent link: https://www.econbiz.de/10009766145

Earnings losses and labor mobility over the lifecycle

Jung, Philip; Kuhn, Moritz - 2012

Extensive literature demonstrates that workers with high tenure suffer large and persistent earnings losses when they are displaced. We study the reasons behind these losses in a tractable search model that includes a lifecycle dimension, endogenous job mobility, and worker- and...

Persistent link: https://www.econbiz.de/10009620943

Insurance in human capital models with limited enforcement

Krebs, Tom; Kuhn, Moritz; Wright, Mark L. J. - 2016

This paper develops a tractable human capital model with limited enforceability of contracts. The model economy is populated by a large number of long-lived, risk-averse households with homothetic preferences who can invest in risk-free physical capital and risky human capital. Households have...

Persistent link: https://www.econbiz.de/10011476545

Which ladder to climb? : decomposing life cycle wage dynamics

Bayer, Christian; Kuhn, Moritz - 2019

Wages grow and become more unequal as workers age. Economic theory focuses on worker investment in human capital, search for employers, and residual wage shocks to account for these life cycle wage dynamics. We highlight the importance of jobs: collections of tasks and duties defined by...

Persistent link: https://www.econbiz.de/10012035357

Which ladder to climb? : wages of workers by job, plant, and education

Bayer, Christian; Kuhn, Moritz - 2018

workforce, and labor market institutions. …

Persistent link: https://www.econbiz.de/10011913431

Job levels and wages

Bayer, Christian; Kuhn, Moritz - 2023

Job levels summarize the complexity, autonomy, and responsibility of task execution. Conceptually, job levels are related to the organization of production, are distinct from occupations, and can be constructed from data on task execution. We highlight their empirical role in matched...

Persistent link: https://www.econbiz.de/10014285786

A contribution to the empirics of reservation wages

Krueger, Alan B.; Müller, Andreas - 2014

This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …

Persistent link: https://www.econbiz.de/10010246658