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Employment protection, product market regulation and firm selection
Koeniger, Winfried (contributor); Prat, Julien (contributor) - 2006
This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search frictions. Modeling multiple-worker firms allows us to distinguish between the exit-and-entry (extensive) margin, and the hiring-and-firing (intensive) margin. We characterize...
Persistent link: https://www.econbiz.de/10003278939
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Human capital and optimal redistribution
Koeniger, Winfried; Prat, Julien - 2014
We characterize optimal redistribution in a dynastic family model with human capital. We show how a government can improve the trade-off between equality and incentives by changing the amount of observable human capital. We provide an intuitive decomposition for the wedge between human-capital...
Persistent link: https://www.econbiz.de/10010440541
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Globalization and labor market outcomes : wage bargaining, search frictions, and firm heterogeneity
Felbermayr, Gabriel (contributor); Prat, Julien (contributor) - 2008
We introduce search unemployment à la Pissarides into Melitz' (2003) model of trade with heterogeneous firms. We allow … effect of trade influences labor market outcomes. Trade liberalization lowers unemployment and raises real wages as long as …. -- Trade liberalization ; unemployment ; search model ; firm heterogeneity …
Persistent link: https://www.econbiz.de/10003656926