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This paper considers the optimal hiring strategy of a firm that is unable to observe the productive abilities of all its applicants. Whom the firm considers as hireable, will depend crucially on the extent to which the firm can use its wage setting to mirror productivity differences. However,...
Persistent link: https://www.econbiz.de/10011574953
) have been used as a means to fight high unemployment. This paper discusses the mechanisms through which ALMPs affect (un)employment … open unemployment, but also reduced regular employment. The overall policy conclusion is that ALMPs of the scale used in …. There should be a greater emphasis on holding down long-term unemployment in general and a smaller emphasis on youth …
Persistent link: https://www.econbiz.de/10011575137
This paper extends a general equilibrium model of unemployment and working hours and evaluates the model on a 5 percent …. Furthermore, working time reductions may result in an increase in wage pressure, causing unemployment to rise. …
Persistent link: https://www.econbiz.de/10011573150
The paper studies the effects of changes in the age structure on aggregate labour market performance using a panel of Swedish local labour markets. The methodology of Shimer (2001) is used for studying the effects of youth cohort size and is extended to include the full age distribution. The...
Persistent link: https://www.econbiz.de/10011575197
force participation is high and the unemployment rate is low (also for young workers). Among the unemployed there are … the relevant labor market in-stitutions in the Netherlands and use recent reforms to assess the importance of the … ; labor market reforms ; participation ; unemployment ; disability …
Persistent link: https://www.econbiz.de/10003912104
firm affect the worker's unemployment risk? The empirical analyses are based on three matched data sets: (i) survey data … registered unemployment. The main findings are: First, the resources and economic situation of the firm affect the workers' risks … and productive firms. Second, the effect on unemployment risks of the acquisition of skills within the firm is conditioned …
Persistent link: https://www.econbiz.de/10011574785
job applicants by employment status affects both the level and the persistence of unemployment and numerically that these ….) could potentially help to explain the high and persistent unemployment in Europe. …
Persistent link: https://www.econbiz.de/10011573073
severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 …, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …
Persistent link: https://www.econbiz.de/10011573416
This paper investigates the consequences of skill loss as a result of unemployment in an efficiency wage model with …, this will result in a lengthy adjustment process with substantial long run unemployment effects. Moreover, the model is …
Persistent link: https://www.econbiz.de/10011573469
This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual characteristics. The starting points of the literature are...
Persistent link: https://www.econbiz.de/10011574942