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Persistent link: https://www.econbiz.de/10003359294
This study adapts a relatively novel model of off-farm labor supply to the changing conditions of Bulgaria during the 1990s. The model's parameters are estimated separately for each of the three different waves of the Bulgarian Integrated Household Survey, each reflecting remarkably different...
Persistent link: https://www.econbiz.de/10003355652
We show that equilibrium matching models imply that standard estimates of the matching function elasticities are exposed to an endogeneity bias, which arises from the search behavior of agents on either side of the market. We offer an estimation method which, under certain assumptions, is immune...
Persistent link: https://www.econbiz.de/10009309463
Neoclassical trade theory suggests that factor price convergence should follow increased commercial integration. Rising …
Persistent link: https://www.econbiz.de/10010369823
This paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favors specific human capital investments....
Persistent link: https://www.econbiz.de/10011412475
In this paper we study the role of covenants in franchise contracts that restrict the recruitment and hiring of employees from other units within the same franchise chain in suppressing competition for workers. Based on an analysis of 2016 Franchise Disclosure Documents, we find that...
Persistent link: https://www.econbiz.de/10011881531
This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium model of heterogeneous firms who compete for workers and customers in frictional labor and product markets. Idiosyncratic productivity and demand shocks have distinct...
Persistent link: https://www.econbiz.de/10011896893
The paper provides a historical overview of the pre-modern allocation of work within the territory of the later Germany from the 18th until the middle of the 19th century. We explore how the social allocation of work during the feudal system took place and trace back the development of wage...
Persistent link: https://www.econbiz.de/10003968435
In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production function and perfect competition. Given the observed decline of the labor share in recent decades, this paper relaxes these assumptions, proposes a time-series calculation of the...
Persistent link: https://www.econbiz.de/10009422480
quantities of creatine measured in 1980 prior to labour market entry affect labour market outcomes over the period 1990 …-2010. Those with higher levels of creatine (proxied by urine creatinine) prior to labour market entry spend more time in the … labour market in the subsequent two decades and earn more. Creatine is not associated with high educational attainment. The …
Persistent link: https://www.econbiz.de/10010257593