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Wage determination and the sources of bargaining power
Manzini, Paola; Snower, Dennis J. - 2002
the bargaining process itself. This approach leads to a new theory of wage determination. …
Persistent link: https://www.econbiz.de/10011412236
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Wages, training and job turnover in a search-matching model
Rosholm, Michael; Svarer, Michael - 2000
In this paper we extend a job search-matching model with firm-specific investments in training developed by Mortensen (2000) to allow for different offer arrival rates in employment and unemployment. The model by Mortensen changes the original wage posting model (Burdett and Mortensen, 1998) in...
Persistent link: https://www.econbiz.de/10011339694
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Hedonic wage equilibrium : theory, evidence and policy
Kniesner, Thomas J.; Leeth, John D. - 2010
We examine theoretically and empirically the properties of the equilibrium wage function and its implications for policy. Our emphasis is on how the researcher approaches economic and policy questions when there is labor market heterogeneity leading to a set of wages. We focus on the application...
Persistent link: https://www.econbiz.de/10008688722
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The effects of rent-sharing on the gender wage gap in the Israeli manufaturing sector
Navon, Guy (contributor); Tojerow, Ilan (contributor) - 2006
This paper analyzes the impact of workplace characteristics on individual wages based on a unique cross-section matched employer-employee dataset for the Israeli private manufacturing sector in 1995; especially, we examine the effects of the interaction between rent-sharing and wages on the gender...
Persistent link: https://www.econbiz.de/10003384905
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Labor market efficiency, wages and employment when search frictions interact with intrafirm bargaining
Cahuc, Pierre; Wasmer, Etienne - 2001
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent … contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … overemployment or to under-employment compared with the first-best. On the other hand, in Stole and Zwiebel's theory of intrafirm …
Persistent link: https://www.econbiz.de/10011401500
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Equilibrium wage arrears : a theoretical and empirical analysis of institutional lock-in
Earle, John S.; Sabirianova Peter, Klara - 2000
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10011339102
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Equilibrium directed search with multiple applications
Albrecht, James W. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001733927
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Monetary persistence and the labor market : a new perspective
Lechthaler, Wolfgang (contributor);  … - 2008
It is common knowledge that the standard New Keynesian model is not able to generate a persistent response in output to temporary monetary shocks. We show that this shortcoming can be remedied in a simple and intuitively appealing way through the introduction of labor turnover costs (such as...
Persistent link: https://www.econbiz.de/10003719627
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Centralized wage determination and regional unemployment differences : the case of Italy
Caponi, Vincenzo (contributor) - 2008
This paper addresses the problem of the dualism of the Italian economy, particularly of its labor market. Although the Italian labor market is considered to be the most highly regulated among OECD countries, the unemployment rate in the North, which represents two thirds of the whole economy, is...
Persistent link: https://www.econbiz.de/10003737637
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Employment protection, product market regulation and firm selection
Koeniger, Winfried (contributor); Prat, Julien (contributor) - 2006
This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search frictions. Modeling multiple-worker firms allows us to distinguish between the exit-and-entry (extensive) margin, and the hiring-and-firing (intensive) margin. We characterize...
Persistent link: https://www.econbiz.de/10003278939