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Labor Market Flows and Equilibrium Search Unemployment

Garibaldi, Pietro; Wasmer, Etienne - 2001

labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … labor force and rises the share of attached workers. Finally, our theory suggests that contrary to two-state models …

Persistent link: https://www.econbiz.de/10010262607

Between-group Competition in the Labor Market and the Rising Returns to Skill: US and France 1964-2000

Wasmer, Etienne - 2001

This paper describes the changes in the composition of the labor force in the last 35 years and quantifies the substitution of low education / high experience workers by low experience / high education workers by using US and French microdata. The consequences of this substitution on the wage...

Persistent link: https://www.econbiz.de/10010262498

Housing and the labor market: time to move and aggregate unemployment

Rupert, Peter; Wasmer, Etienne - 2009

The Mortensen-Pissarides model with unemployment benefits and taxes has been able to account for the variation in unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three times lower in Europe than in the U.S.). We build...

Persistent link: https://www.econbiz.de/10010271224

Ethnic Unemployment Rates and Frictional Markets

Gobillon, Laurent; Rupert, Peter; Wasmer, Etienne - 2013

The unemployment rate in France is roughly 6 percentage points higher for African immigrants than for natives. In the US the unemployment rate is approximately 9 percentage points higher for blacks than for whites. Commute time data indicates that minorities face longer commute times to work,...

Persistent link: https://www.econbiz.de/10010319593

Raising female employment : reflexions and policy tools

Garibaldi, Pietro; Wasmer, Etienne - 2003

While there is consensus on the need to raise the time spent in the market by European women, it is not clear how these goals should be achieved. Tax wedges, assistance in the job search process, and part-time jobs are policy instruments that are widely debated in policy circles. The paper...

Persistent link: https://www.econbiz.de/10010261649

The Macroeconomics of Labor and Credit Market Imperfections

Wasmer, Etienne; Weil, Philippe - 2000

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...

Persistent link: https://www.econbiz.de/10010262387

Space, Search and Efficiency

Wasmer, Etienne; Zenou, Yves - 2000

We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the labor market in which workers? location in an agglomeration depends on commuting costs, the endogenous price of land and the value of job search and employment. We first show that...

Persistent link: https://www.econbiz.de/10010262389

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/10010262510

Interpreting Europe and US Labor Markets Differences: The Specificity of Human Capital Investments

Wasmer, Etienne - 2002

This paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favors specific human capital investments....

Persistent link: https://www.econbiz.de/10010262696

Labor Supply Dynamics, Unemployment and Human Capital Investments

Wasmer, Etienne - 2002

capital, this reduces in the long-run the supply of skilled (experienced) workers and the demand for unskilled workers. This …

Persistent link: https://www.econbiz.de/10010262787