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Space, search and efficiency
Wasmer, Etienne; Zenou, Yves - 2000
distortions in the transport market. In absence of these distortions and despite spatial terms in wages, the standard condition …
Persistent link: https://www.econbiz.de/10011336862
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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 calibrated model leads to a significant reduction in the...
Persistent link: https://www.econbiz.de/10009307979
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The macroeconomics of labor and credit market imperfections
Wasmer, Etienne; Weil, Philippe - 2000
Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...
Persistent link: https://www.econbiz.de/10011336864
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Higher education levels, firms' outside options and the wage structure
Rosén, Åsa; Wasmer, Etienne - 2002
We analyze the consequences of an increase in the supply of highly educated workers on relative and real wages in a … search model where wages are set by Nash-bargaining. The key insight is that an increase in the supply of highly educated … work force induces firms to invest more in physical capital. Wage inequality and real wages of highly educated workers …
Persistent link: https://www.econbiz.de/10011405857
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Equilibrium employment in a model of imperfect labor markets
Garibaldi, Pietro (contributor); Wasmer, Etienne (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001868919