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Hedonic wage equilibrium : theory, evidence and policy
Kniesner, Thomas J.; Leeth, John D. - 2010
We examine theoretically and empirically the properties of the equilibrium wage function and its implications for policy. Our emphasis is on how the researcher approaches economic and policy questions when there is labor market heterogeneity leading to a set of wages. We focus on the application...
Persistent link: https://www.econbiz.de/10008688722
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Equilibrium wage arrears : a theoretical and empirical analysis of institutional lock-in
Earle, John S.; Sabirianova Peter, Klara - 2000
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10011339102
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The effects of rent-sharing on the gender wage gap in the Israeli manufaturing sector
Navon, Guy (contributor); Tojerow, Ilan (contributor) - 2006
This paper analyzes the impact of workplace characteristics on individual wages based on a unique cross-section matched employer-employee dataset for the Israeli private manufacturing sector in 1995; especially, we examine the effects of the interaction between rent-sharing and wages on the gender...
Persistent link: https://www.econbiz.de/10003384905
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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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Wage determination and the sources of bargaining power
Manzini, Paola; Snower, Dennis J. - 2002
the bargaining process itself. This approach leads to a new theory of wage determination. …
Persistent link: https://www.econbiz.de/10011412236
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Equilibrium directed search with multiple applications
Albrecht, James W. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001733927
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Job market signaling and employer learning
Alós-Ferrer, Carlos (contributor); Prat, Julien (contributor) - 2008
This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their employees over time. Contrary to the model without employer learning, we find that the Intuitive Criterion does not always select a unique separating equilibrium. When the Intuitive...
Persistent link: https://www.econbiz.de/10003652697
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Centralized wage determination and regional unemployment differences : the case of Italy
Caponi, Vincenzo (contributor) - 2008
This paper addresses the problem of the dualism of the Italian economy, particularly of its labor market. Although the Italian labor market is considered to be the most highly regulated among OECD countries, the unemployment rate in the North, which represents two thirds of the whole economy, is...
Persistent link: https://www.econbiz.de/10003737637
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Worker self-selection and the profits from cooperation
Kosfeld, Michael (contributor);  … - 2008
We investigate a competitive labor market with team production. Workers differ in their motivation to exert team effort and types are private information. We show that there can exist a separating equilibrium in which workers self-select into different firms and firms employing cooperative...
Persistent link: https://www.econbiz.de/10003784391
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Age-dependent employment protection
Chéron, Arnaud (contributor);  … - 2008
This paper examines the age-related design of firing taxes by extending the theory of job creation and job destruction …
Persistent link: https://www.econbiz.de/10003778997