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We provide new empirical evidence regarding the magnitude and the determinants of a firm's costs required to fill a … vacancy. The average costs required to fill a vacancy for a skilled worker in Switzerland amount to about 16 weeks of wage … payments. The main components of the vacancy costs are initially low productivity, the formal instruction of a new hire (53 …
Persistent link: https://www.econbiz.de/10011346605
sector with the lower (or equal) vacancy costs, there is an unambiguous decrease in economywide unemployment. With imperfect …
Persistent link: https://www.econbiz.de/10003831894
In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by search frictions. We find that, contrary to general...
Persistent link: https://www.econbiz.de/10003596002
applying for at least one job per period, increases welfare. -- Job search ; search costs ; labor market frictions ; wage …
Persistent link: https://www.econbiz.de/10003561633
Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...
Persistent link: https://www.econbiz.de/10011336864
model. Theory and empirics show temporary migrants are intermediately selected on education, with weaker selection on … permanent migration, where search costs are higher. Labor market frictions explain observed complex network-skill interactions. …
Persistent link: https://www.econbiz.de/10011449781
Firms exhibit heterogeneity in size, productivity, and internal structure, and this is true even within the same industry. It has been thought since the time of Adam Smith that a firm's internal structure affects its productivity through the channel of gains from specialization. Our paper...
Persistent link: https://www.econbiz.de/10010509965
In this paper, we consider fiscal competition between jurisdictions. Capital taxes are used to finance a public input and two public goods, one which benefits mobile skilled workers and one which benefits immobile unskilled workers. We derive the jurisdictions' reaction functions for different...
Persistent link: https://www.econbiz.de/10003497954
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
Story telling is part of life, and the retelling of stories is an important form of communication, cultural practice …
Persistent link: https://www.econbiz.de/10014486994