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A theory of non-Coasean labor markets
Blanco, Andres; Drenik, Andres; Moser, Christian; … - 2023
We develop a theory of labor markets in a monetary economy with four realistic features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient job separations occur in the form of endogenous...
Persistent link: https://www.econbiz.de/10014278008
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Sequentiality versus simultaneity : interrelated factor demand
Asphjell, Magne Krogstad; Letterie, Wilko A.; Nilsen, … - 2010
covers the period 1993-2005. The estimates indicate that it is advantageous to adjust the stock of labour and capital … simultaneously. The cost advantage of simultaneous changes is small for capital but is large for labour. The empirical results … demand. -- factor demand ; labour ; capital ; interrelation ; nonconvex adjustment costs …
Persistent link: https://www.econbiz.de/10009312924
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
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Assessing the impact of incomes policy : the italian experience
Pastore, Francesco - 2010
relationship between real wages, labour productivity and unemployment. Different time series econometric tools confirm that incomes … impact of incomes policy on the weak relationship between real wages and unemployment is detected. The analysis calls for a …
Persistent link: https://www.econbiz.de/10008779168
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Hiring and firing costs, adverse selection and long-term unemployment
Kugler, Adriana D.; Saint-Paul, Gilles - 2000
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10011325985
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Does the recent success of some OECD countries in lowering their unemployment rates lie in the clever design of their labour market reforms?
Belot, Michèle; Ours, Jan C. van - 2000
The development of the unemployment rate differs substantially between OECD countries. In recent years some countries … experienced a mild increase, other countries had a stable unemployment rate, while there are also 'successful' countries in which … the unemployment rate decreased a lot. A common feature of the successful countries is that they implemented a …
Persistent link: https://www.econbiz.de/10011326419
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Australia: the miracle economy
Junankar, Pramod N. - 2013
made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …
Persistent link: https://www.econbiz.de/10009774315
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Does the link between unemployment and crime depend on the crime level? : a quantile regression approach
Entorf, Horst; Sieger, Philip - 2014
between unemployment and crime also depends on preexisting local crime levels. In order to analyze conjectured nonlinearities … quantile regressions confirm the positive link between unemployment and crime for property crimes, results for assault differ …
Persistent link: https://www.econbiz.de/10010385959
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Thumbscrews for agencies or for individuals? : how to reduce unemployment
Launov, Andrey; Wälde, Klaus - 2013
reduction of unemployment benefits on the other reduce unemployment? Using the recent labour market reform in Germany as … background we find that the role of unemployment benefit reduction for the reduction of unemployment is very modest (7% of the … the observed post-reform unemployment decline. If disincentive effects of PEA reforms had been avoided, the effect could …
Persistent link: https://www.econbiz.de/10010196490
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Labor market institutions and long-term effects of youth unemployment
Kawaguchi, Daiji; Murao, Tetsushi - 2014
worker who experiences a one-percentage-point higher unemployment rate while the worker is 16-24 years old has a 0 ….14 percentage-point higher unemployment rate at ages 25-29 and 0.03 percentage points higher at ages 30-34. The persistence of this …
Persistent link: https://www.econbiz.de/10010350848