use it to (i) calculate three dimensions of public-sector compensation: wage, pension, and job-security premia, and (ii … private sector would lower the unemployment rate and reduce government costs. …

We set up a model with search and matching frictions to understand the effects of employment and wage policies, as well … as nepotism in hiring in the public sector, on unemployment and rent seeking. Conditional on inefficiently high public …-sector wages, more nepotism in public-sector hiring lowers the unemployment rate because it limits the size of queues for public …

wage policies in the public sector on unemployment and education decisions. The effects on the educational composition of …

unemployment relative to wage employment, and that self-employment increases with this ratio. To understand the sources of these … matches, and calibrate it to match all transition rates between wage employment, unemployment and self-employment as well as … output, not only by raising unemployment, but also by worsening the average quality of both wage employment matches and …

In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a … firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of … substantially more pro-cyclical than the new-hire wage or the average wage. The strong procyclicality of the price of labor calls …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … occasionally renegotiated. We argue that one source of the wage flexibility puzzles is plausibly the model for the determination of … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

The objective of this study is to assess how the duration of the unemployment spell of Macedonia youth affects later … employment (the employment 'scarring' effect) and wage outcomes (the wage 'scarring' effect). To that end, we first devise a … model in which the unemployment spell is determined by individual and household characteristics and work attitudes and …

wage losses of workers displaced due to firm closure based on the comparison of workers' wages differentials before and … after displacement. Potential wage losses of displaced workers can be related to firm, job title, and match heterogeneity in … that enables us to decompose the sources of the wage losses into the contribution of firm, job title, and match fixed …

provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For … degree of competition in the goods market and the institutional setup of the unemployment compensation system. Furthermore … the household's main income source consists of wage income or capital income and profits. …