Similar Search Results

Labor Supply Dynamics, Unemployment and Human Capital Investments

Wasmer, Etienne - 2002

composition of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor … labor force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human …

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

Minimum wage or negative income tax: why skilled workers may favor wage rigidities

Bacache-Beauvallet, Maya; Lehmann, Etienne - 2005

because minimum wage increases unemployment, hence the marginal cost of redistribution is higher which gives a pretext for …

Persistent link: https://www.econbiz.de/10010267496

A search model of unemployment and inflation

Lehmann, Etienne - 2006

money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal … monetary growth rate decreases with the workers' bargaining power, the level of unemployment benefits and the payroll tax rate. …

Persistent link: https://www.econbiz.de/10010267772

Credit constraints and the persistence of unemployment

Dromel, Nicolas; Kolakez, Elie; Lehmann, Etienne - 2009

In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its … steady-state unemployment, but also slow down the transitional dynamics. We then provide an empirical illustration based on a … persistence of unemployment. …

Persistent link: https://www.econbiz.de/10010269566

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

Equilibrium employment in a model of imperfect labor markets

Garibaldi, Pietro; Wasmer, Etienne - 2003

, it delivers an expression for the employment rate and as side-products, a measure of the unemployment rate and the size … of the labor force. Second, it rationalizes several empirical works on the definition of unemployment in labor force …

Persistent link: https://www.econbiz.de/10010277062

Equilibrium Search Unemployment with Explicit Spatial Frictions

Wasmer, Etienne; Zenou, Yves - 2005

Assuming that job search efficiency decreases with distance to jobs, workers? location in a city depends on spatial elements such as commuting costs and land prices and on labour elements such as wages and the matching technology. In the absence of moving costs, we show that there exists a...

Persistent link: https://www.econbiz.de/10010262191

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 … interaction between land and labor markets, and decompose the equilibrium unemployment rate into two parts: a pure non-spatial one …

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

Beyond the Labour Income Tax Wedge: The Unemployment-Reducing Effect of Tax Progressivity

Lehmann, Etienne; Lucifora, Claudio; Moriconi, Simone; … - 2014

suggest that a more progressive tax schedule reduces the unemployment rate and increases the employment rate. These findings …

Persistent link: https://www.econbiz.de/10010398274

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 … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

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