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The macroeconomics of labor and credit market imperfections
Wasmer, Etienne; Weil, Philippe - In: The American economic review 94 (2004) 4, pp. 944-963
Persistent link: https://www.econbiz.de/10002382414
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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
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Commuting, wages and bargaining power
Rupert, Peter; Stancanelli, Elena G. F.; Wasmer, Etienne - 2009
A search model of the labor market is augmented to include commuting time to work. The theory posits that wages are … impact of commute time on job acceptance decisions. We also use the theory to calculate the bargaining power of workers which …
Persistent link: https://www.econbiz.de/10010276782