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models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage … optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection …
Persistent link: https://www.econbiz.de/10010355704
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring cost and constant returns of labor, the bargaining...
Persistent link: https://www.econbiz.de/10011401500
high severance payments are likely to decrease unemployment but systematically decrease welfare and raise inequality …
Persistent link: https://www.econbiz.de/10011318608