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In recent decades most developed countries have experienced an increase in income inequality. In this paper, we use an equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of the model is that it can accommodate shocks to...
Persistent link: https://www.econbiz.de/10003941761
The aim of this paper is to analyse the possible trade-off between employment and productivity using panel data on … that there is a trade-off between employment and productivity. …
Persistent link: https://www.econbiz.de/10010207261
This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10011412072
will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an … insider wage hike reduces recession-time employment but, in the presence of on-the-job training, increases boom …-time employment. Thus on-the-job training can make insider wage hikes less detrimental to average employment (over booms and …
Persistent link: https://www.econbiz.de/10011413583
Persistent link: https://www.econbiz.de/10001868919
At first blush, most advances in labour demand were achieved by the late 1980s. Since then progress might appear to have stalled. We argue to the contrary that significant progress has been made in understanding labour market frictions and imperfections, and in modelling search behaviour and...
Persistent link: https://www.econbiz.de/10010345537
system (hukou). The major existing theoretical models of employment and development - the Lewis model, the integrated labor …-decreasing. -- labor markets ; employment ; welfare economics ; China ; hukou …
Persistent link: https://www.econbiz.de/10009721339
Studies of the joint time-use decisions of spouses have relied on joint estimation of time-use equations, sometimes assuming correlated errors across spouses' equations and sometimes directly examining the effects of one spouse's time use on another's, relying on panel data or instrumental...
Persistent link: https://www.econbiz.de/10010259539
Persistent link: https://www.econbiz.de/10001790857
This paper analyzes the implications of labor market institutions and policies on the employment-labor productivity …
Persistent link: https://www.econbiz.de/10002478019