Similar Search Results

Rupert, Peter; Stancanelli, Elena G. F.; Wasmer, Etienne - 2009

A search model of the labor market is augmented to include commuting time to work. The theory posits that wages are … impact of commute time on job acceptance decisions. We also use the theory to calculate the bargaining power of workers which …

Persistent link: https://www.econbiz.de/10003905644

Layoff costs and efficiency with asymmetric information

Delacroix, Alain; Wasmer, Etienne - 2009

Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and layoff taxes can improve efficiency. We show that inefficient separations can even be fully removed with fixed separation taxes in the case where the relevant private information is...

Persistent link: https://www.econbiz.de/10003906313

Biofuel subsidies : an open-economy analysis

Bandyopadhyay, Subhayu; Bhaumik, Sumon Kumar; Wall, … - 2009

We present a general equilibrium analysis of biofuel subsidies in an open-economy context. In the small-country case, when a Pigouvian tax on conventional fuels such as crude is in place, the optimal biofuel subsidy is zero. When the tax on crude is not available as a policy option, however, a...

Persistent link: https://www.econbiz.de/10003920242

Is there too little immigration?

Bandyopadhyay, Subhayu (contributor); … - 2007

their levels of immigration. Because of complementarities between capital and labor, the return on capital is positively …

Persistent link: https://www.econbiz.de/10003597343

Macroeconomic dynamics in a model of goods, labor and credit market frictions

Petrosky-Nadeau, Nicolas; Wasmer, Etienne - 2011

Building a model with three imperfect markets - goods, labor and credit - representing a product's life-cycle, we find … that goods market frictions drastically change the qualitative and quantitative dynamics of labor market variables. The … search models of the labor market fail in one of the two dimensions. Two factors related to goods market frictions generate …

Persistent link: https://www.econbiz.de/10009307979

A steady-state model of a non-walrasian economy with three imperfect markets

Wasmer, Etienne - 2011

Unemployment may depend on equilibrium in other markets than the labor markets. This paper adresses this old idea by … introducing search frictions on several markets: in a model of credit and labor market imperfections as in Wasmer and Weil (2004 …

Persistent link: https://www.econbiz.de/10009308020

Should easier access to international credit replace foreign aid?

Bandyopadhyay, Subhayu; Lahiri, Sajal; Younas, Javed - 2011

We examine the interaction between foreign aid and binding borrowing constraint for a recipient country. We also analyze how these two instruments affect economic growth via non-linear relationships. First of all, we develop a two-country, two-period trade-theoretic model to develop testable...

Persistent link: https://www.econbiz.de/10009488418

Illegal immigration and fiscal competition

Bandyopadhyay, Subhayu; Pinto, Santiago M. - 2015

immigration policy in a spatial context. Keeping the US-Mexico context in mind, we assume that labor from a source nation enters a …

Persistent link: https://www.econbiz.de/10010528598

Employment protection and capital-labor ratios

Janiak, Alexandre; Wasmer, Etienne - 2014

labor frictions. Under standard assumptions, theory always implies a motononic negative link between capital-labor ratios …Employment protection (EPL) has a well known negative impact on labor flows as well as an ambiguous but often negative … effect on employment. In contrast, its impact on capital accumulation and capital-labor ratio is less well understood. The …

Persistent link: https://www.econbiz.de/10010387699

How diverse can spatial measures of cultural diversity be? : results from Monte Carlo simulations of an agent-based model

Arribas-Bel, Daniel; Nijkamp, Peter; Poot, Jacques - 2014

Cultural diversity is a complex and multi-faceted concept. Commonly used quantitative measures of the spatial distribution of culturally-defined groups – such as segregation, isolation or concentration indexes - are often only capable of identifying just one aspect of this distribution. The...

Persistent link: https://www.econbiz.de/10010369838