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Public Wages, Public Employment, and Business Cycle Volatility : Evidence from U.S. Metro Areas

A. Reicher, Claire - 2016

set up a search and matching model that contains a government sector and a role for government spending in product markets …. This latter mechanism affects how the outside option behaves, and this mechanism can help a search and matching model to … generate wage-reducing and stabilizing effects of public employment. Without this mechanism, a search and matching model cannot …

Persistent link: https://www.econbiz.de/10012989839

Employment and Hours Over the Business Cycle in a Model with Search Frictions

melnyk, natalya - 2015

This paper studies a labor market search-matching model with multi-worker firms to investigate how firms utilize the …

Persistent link: https://www.econbiz.de/10013024912

On the Job Search and Business Cycles

Moscarini, Giuseppe - 2018

which OJS amplifies and propagates aggregate shocks: (i) a higher estimated elasticity of the matching function, when …

Persistent link: https://www.econbiz.de/10012909968

Business Cycle Dependent Unemployment Insurance

Andersen, Torben M. - 2010

The consequences of business cycle contingencies in unemployment insurance systems are considered in a search-matching …

Persistent link: https://www.econbiz.de/10013137522

Payroll Taxes, Social Insurance and Business Cycles

Burda, Michael C. - 2010

Payroll taxes represent a major distortionary influence of governments on labor markets. This paper examines the role of payroll taxation and the social safety net for cyclical fluctuations in a nonmonetary economy with labor market frictions and unemployment insurance, when the latter is only...

Persistent link: https://www.econbiz.de/10013138733

Unemployment Benefits or Taxes : How Should Policy Makers Redistribute Income Over the Business Cycle?

Ek, Susanne - 2012

equilibrium search and matching model with risk-averse workers and two states, namely, a good and a bad state. The model yields …

Persistent link: https://www.econbiz.de/10013111201

Revisiting the Hypothesis of High Discounts and High Unemployment

Martellini, Paolo - 2019

We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in which the UE and the EU rates are endogenous, we show that an increase in the discount rate leads to a decline in both the UE and the EU rates. In the data, though, the UE and EU...

Persistent link: https://www.econbiz.de/10012867149

The Changing Size Distribution of U.S. Trade Unions and its Description by Pareto's Distribution

Pencavel, John H. - 2013

The size distribution of trade unions in the United States and changes in this distribution are documented. Because the most profound changes are taking place among very large unions, these are subject to special analysis by invoking Pareto's distribution. This represents a new application of...

Persistent link: https://www.econbiz.de/10013085482

Fairness Considerations in Labor Union Wage Setting : A Theoretical Analysis

Strifler, Matthias - 2012

We consider a theoretical model in which unions not only take the outside option into account, but also base their wage-setting decisions on an internal reference, called the fairness reference. Wage and employment outcomes and the shape of the aggregate wage-setting curve depend on the weight...

Persistent link: https://www.econbiz.de/10013099763

Trade as a Wage Disciplining Device

Persyn, Damiaan - 2021

We estimate how trade openness affects the relationship between wages, labour productivity and foreign wages using sector-level time series for several EU member states. In some countries wages became less responsive to foreign wages as trade costs declined. We show this counter-intuitive result...

Persistent link: https://www.econbiz.de/10013324883