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A firm monopsonistically hires labor from a pool containing both skilled and unskilled workers. The marginal value of a worker depends on the match between the job and the worker's skill level. Unskilled workers can have negative productivity if they are placed in a skilled job. The firm cannot...
Persistent link: https://www.econbiz.de/10010295561
We estimate the speed of income convergence for a sample of 196 European NUTS 2 regions over the period 1985-1999. So far there is no direct estimator available for dynamic panels with strong spatial dependencies. We propose a two-step procedure, which involves first spatial filtering of the...
Persistent link: https://www.econbiz.de/10010295552
The paper develops an overlapping generations model that highlights interactions between social security, unemployment and growth. The social security system has two components: old age pensions and unemployment insurance. Pensions have a direct effect on economic growth. Both pensions and...
Persistent link: https://www.econbiz.de/10010295403
We address the effects of wages on employment growth on the basis of a theoretical model from which cost and demand effects can be derived. In the empirical analysis we take a highly disaggregated perspective and apply a newly developed shift-share regression technique on an exhaustive and very...
Persistent link: https://www.econbiz.de/10010295408
modified neoclassical investment equation is tested with West German panel data which include more than 6000 enterprises and …
Persistent link: https://www.econbiz.de/10010295432
How can long-term unemployment be reduced by policy measures of the government? In this paper a growth-matching … wird ein Wachstums-Matching-Modell entwickelt, das durch heterogene Arbeitslose - Kurz- und Langzeitarbeitslose - und bei …
Persistent link: https://www.econbiz.de/10010295581
of growth attributable to technical progress is evaluated in a growth-matching-model with heterogeneous jobless workers … Langzeitarbeitslosigkeit und der Wachstumsrate des technischen Fortschritts wird in einem Wachstums-Matching-Modell mit heterogenen …
Persistent link: https://www.econbiz.de/10010295584
Matching-Ansatz von Pissarides erweitert wird. In dem allgemeinen Gleichgewichtsmodell ist der Arbeitsmarkt des Drei … open neoclassical growth model that is extended by a Pissarides-style labor market matching approach. In the general … Beziehung wird in einem geöffneten neoklassischen Wachstumsmodell evaluiert, das um einen Arbeitsmarkt nach der Formulierung des …
Persistent link: https://www.econbiz.de/10010295494
The findings of recent studies on adjustment processes suggest that regional labour markets in the EU and the US differ significantly. Low wage flexibility and limited labour mobility in European countries involve persistent unemployment differentials across regions. However, the spatial...
Persistent link: https://www.econbiz.de/10010295334
percentages of GDP). Both panel data and country by country data are used to measure the impact of liberalisation on domestic …. Panel data of 42 countries, regional panel for three regions (fixed effect and random effect models) and country by country …
Persistent link: https://www.econbiz.de/10010295415