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Goerke, Laszlo - 2006

In an efficiency wage economy, lump-sum severance pay from which shirkers can be excluded raises employment. However, severance payments are usually related to wages. It is shown that earnings-related, mandated severance pay will have ambiguous employment effects if effort can be varied...

Persistent link: https://www.econbiz.de/10003355561

Corporate and personal income tax declarations

Goerke, Laszlo (contributor) - 2006

Decisions by firms and individuals on the extent of their tax payments have generally been treated as separate choices. Empirically, a positive relationship between corporate and personal income tax evasion can be observed. The theoretical analysis in this paper shows that a manager's decision...

Persistent link: https://www.econbiz.de/10003355568

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 …

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

They are even larger! : more (on) puzzling labor market volatilities

Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009

This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility … of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job … vacancies) divided by the volatility of labor productivity is roughly twice as large as in the United States. We derive and …

Persistent link: https://www.econbiz.de/10003896476

Unemployment insurance savings accounts and collective wage determination

Goerke, Laszlo (contributor) - 2007

Unemployment Insurance Savings Accounts (UISAs) entitle workers to unemployment benefits at the expense of future pension payments. Therefore, such accounts make unemployment less attractive, intensify job search, and raise employment. In the present paper the wage and employment consequences of...

Persistent link: https://www.econbiz.de/10003578895

A positive theory of the earnings relationship of unemployment benefits

Goerke, Laszlo (contributor); Pannenberg, Markus (contributor) - 2007

Evidently, the benefit-structure of the unemployment insurance has a significant influence on profits and trade union utility. We show for a wage bargaining model that a stronger earnings relationship of unemployment benefits may reduce wages and increase employment. This raises the question as...

Persistent link: https://www.econbiz.de/10003539357

Fiscal multipliers and the labour market in the open economy

Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - 2010

Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...

Persistent link: https://www.econbiz.de/10003945992

Macroeconomic volatilities and the labor market : first results from the euro experiment

Merkl, Christian; Schmitz, Tom - 2010

theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … could account for volatility differences across member states, but labor market characteristics have remained very diverse …

Persistent link: https://www.econbiz.de/10003961662

Selective hiring and welfare analysis in labor market models

Merkl, Christian; Rens, Thijs van - 2012

Firms select not only how many, but also which workers to hire. Yet, in standard search models of the labor market, all … selective. -- labor market models ; welfare ; optimal unemployment insurance …

Persistent link: https://www.econbiz.de/10009530304

Relative consumption, working time, and trade unions

Goerke, Laszlo; Hillesheim, Inga - 2013

Status considerations with respect to consumption give rise to negative externalities because individuals do not take into account that their decisions affect the relative consumption position of others. Further, status concerns create incentives for excessive labour supply in competitive...

Persistent link: https://www.econbiz.de/10009763210