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In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10012990861
attributed to product market deregulation. Our quantitative analysis suggests that under individual bargaining, a decrease of … less than two-tenths of a percentage point of unemployment rates can be attributed to product market deregulation, a …
Persistent link: https://www.econbiz.de/10012782768
We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become …
Persistent link: https://www.econbiz.de/10012909864
deregulation reduces profits per unit of output, and thereby reduces training. On the other hand, the number of firms increases … results are unambiguous and show that an increase in product market deregulation generates a sizeable increase in training …
Persistent link: https://www.econbiz.de/10013317117
It is often argued that the quantity which is traded on the market is independent of the side of the market which is taxed. However, this assertion need not hold, especially in imperfectly competitive markets like that for labour. Taking an efficiency wage economy as an example, it is shown that...
Persistent link: https://www.econbiz.de/10014176486
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/10014051183
This paper presents a new model of firms' decisions on training in a context of potential worker mobility. Such worker mobility can be influenced by employers coordination, namely through the operation of no-poach agreements and employers' associations (EAs). We then present supporting evidence...
Persistent link: https://www.econbiz.de/10014078211
This paper examines a labor law reform implemented in Portugal in 2009 which restricted the use of fixed-term contracts to reduce labor market segmentation. The reform targeted establishments created by large firms above a specific size threshold, covering about 15% of total employment. Drawing...
Persistent link: https://www.econbiz.de/10014083926
We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) a contract that exempts employers from the requirement to provide any minimum working hours, and allows employees to decline any workload. We find quantitatively that ZHCs improve welfare by enabling firms with more volatile...
Persistent link: https://www.econbiz.de/10014083937
We extend the Diamond-Mortensen-Pissarides model of equilibrium unemployment to incorporate public-sector employment. We calibrate our model to Colombian data and analyze the effects of public-sector wage and employment policy on the unemployment rate, on the division of employment between the...
Persistent link: https://www.econbiz.de/10012965022