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Labor market efficiency, wages and employment when search frictions interact with intrafirm bargaining
Cahuc, Pierre; Wasmer, Etienne - 2001
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 … overemployment or to under-employment compared with the first-best. On the other hand, in Stole and Zwiebel's theory of intrafirm …
Persistent link: https://www.econbiz.de/10011401500
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Redundancy payments, incomplete labor contracts, unemployment and welfare
Cahuc, Pierre; Zylberberg, André - 1999
It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la...
Persistent link: https://www.econbiz.de/10011318608
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Should unemployment benefits decrease with the unemployment spell?
Cahuc, Pierre; Lehmann, Etienne - In: Journal of public economics 77 (2000) 1, pp. 135-153
Persistent link: https://www.econbiz.de/10001481727