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Why develop open source software? : The role of non-pecuniary benefits, monetary rewards and open source licence type

Sauer, Robert M. (contributor) - 2007

A review of the basic theory of optimal open-source software contributions points to three key factors affecting supply …

Persistent link: https://www.econbiz.de/10003646702

Optimal unemployment insurance for older workers

Hairault, Jean-Olivier; Langot, François; Ménard, … - 2009

This paper shows that optimal unemployment insurance contracts are age-dependent. Older workers have only a few years left on the labor market prior to retirement. This short horizon implies a more digressive replacement ratio. However, there is a sufficiently short distance to retirement for...

Persistent link: https://www.econbiz.de/10003825176

On the dynamics of interstate migration : migration costs and self-selection

Bayer, Christian (contributor); Juessen, Falko (contributor) - 2008

This paper develops a tractable dynamic microeconomic model of migration decisions that is aggregated to describe the behavior of interregional migration. Our structural approach allows us to deal with dynamic self-selection problems that arise from the endogeneity of location choice and the...

Persistent link: https://www.econbiz.de/10003656910

Interest rate hysteresis in macroeconomic investment under uncertainty

Belke, Ansgar; Göcke, Matthias - 2019

The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...

Persistent link: https://www.econbiz.de/10012099522

Firm-size wage gaps along the formal-informal divide : theory and evidence

Balkan, Binnur; Tumen, Semih - 2015 - Forthcoming in: Industrial Relations, 2016

Observationally equivalent workers are paid higher wages in larger firms. This fact is often named as the "firm-size wage gap" and is regarded as a key empirical puzzle. Using micro-level data from Turkey, we document a new stylized fact: the firm-size wage gap is more pronounced for informal...

Persistent link: https://www.econbiz.de/10011376269

Wage determination in the US airline industry : union power under product market constraints

Hirsch, Barry T. (contributor) - 2006

The paper analyzes wages in the U.S. airline industry, focusing on the role of collective bargaining in a changing … product market environment. Airline unions have considerable strike threat power, but are constrained by the financial health … of carriers. Since airline deregulation, compensation has waxed and waned in response to the industry's economic …

Persistent link: https://www.econbiz.de/10003384910

Optimal price indices for targeting inflation under incomplete markets

Anand, Rahul; Prasad, Eswar S. - 2010

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a twosector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...

Persistent link: https://www.econbiz.de/10008810538

Equilibrium unemployment with outsourcing and wage solidarity under labour market imperfections

Koskela, Erkki (contributor); Stenbacka, Rune (contributor) - 2007

We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a heterogeneous labour market, where wages are determined by a monopoly labour union. We find that outsourcing promotes the wage dispersion between the high-skilled and low-skilled...

Persistent link: https://www.econbiz.de/10003579986

Equilibrium unemployment with outsourcing under labour market imperfections

Koskela, Erkki (contributor); Stenbacka, Rune (contributor) - 2007

We study both the various consequences and the incentives of outsourcing. We argue that the wage elasticity of labour demand is increasing as a function of the share of outsourcing, which is importantly a result consistent with existing empirical research. Furthermore, we show that a production...

Persistent link: https://www.econbiz.de/10003536078

Fiscal multipliers and the labour market in the open economy

Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - 2010

Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...

Persistent link: https://www.econbiz.de/10003945992

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