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Local social capital and geographical mobility : a theory
David, Quentin (contributor); Janiak, Alexandre (contributor) - 2008
In this paper, we attempt to understand the determinants of mobility by introducing the concept of local social capital. Investing in local ties is rational when workers anticipate that they will not move to another region. Reciprocally, once local social capital is accumulated, incentives to...
Persistent link: https://www.econbiz.de/10003752851
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Endogenous monopsony and the perverse effect of the minimum wage in small firms
Danziger, Leif - 2009
-sloping labor supply schedule. Since this turns these firms into endogenous monopsonists, the minimum wage rate has the perverse …
Persistent link: https://www.econbiz.de/10003879354
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Noncompliance and the effects of the minimum wage on hours and welfare in competitive labor markets
Danziger, Leif - 2009
employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation … hours ; welfare ; competitive labor markets …
Persistent link: https://www.econbiz.de/10003897515
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Commuting, wages and bargaining power
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
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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
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The elasticity of labor demand and the minimum wage
Danziger, Leif (contributor) - 2007
increased until the labor demand is unitary elastic. Rather, there exists a critical value of elasticity of labor demand so that … rate be decreased. -- Elasticity of labor demand ; minimum wage …
Persistent link: https://www.econbiz.de/10003586554
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Uniform and nonuniform staggering of wage contracts
Danziger, Leif - 2010
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...
Persistent link: https://www.econbiz.de/10003983623
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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
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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
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Symmetric and asymmetric committees
Ben-Yashar, Ruth; Danziger, Leif - 2011
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...
Persistent link: https://www.econbiz.de/10009309640