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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
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The Importance of Two-Sided Heterogeneity for the Cyclicality of Labour Market Dynamics
Bachmann, Ronald - 2010
Using administrative data on individual workers' employment history and firms, we investigate the cyclicality of worker flows on the German labour market. Focusing on heterogeneities on both sides of the labour market, we find that small firms hire mainly unemployed workers, and that they do so...
Persistent link: https://www.econbiz.de/10013135186
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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
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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
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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
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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
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Wage Flexibility in a Unionized Economy with Stable Wage Dispersion
Carlsson, Mikael - 2019
The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study is set in an economy with close to complete union coverage where real wages have grown continuously in all parts of the wage distribution for the past 15 years, and where the...
Persistent link: https://www.econbiz.de/10012894049
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Heterogeneity and the Public Sector Wage Policy
Gomes, Pedro - 2017
A model with search and matching frictions and heterogeneous workers was established to evaluate a reform of the public …
Persistent link: https://www.econbiz.de/10012945219
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The Impact of Temporary Agency Work on Trade Union Wage Setting : A Theoretical Analysis
Beissinger, Thomas - 2015
Focusing on the cost-reducing motive behind the use of temporary agency employment, this paper aims at providing a better theoretical understanding of the effects of temporary agency work on the wage-setting process, trade unions' rents, firms' profits and employment. It is shown that trade...
Persistent link: https://www.econbiz.de/10013028178
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Differences in Positions Along a Hierarchy : Counterfactuals Based on an Assignment Model
Gobillon, Laurent - 2017
We propose an assignment model in which positions along a hierarchy are attributed to individuals depending on their characteristics. Our theoretical framework can be used to study differences in assignment and outcomes across groups and we show how it can motivate decomposition and...
Persistent link: https://www.econbiz.de/10012957484