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Fahr, René; Sunde, Uwe - 2001

This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is unusual due to the scarcity of appropriate data....

Persistent link: https://www.econbiz.de/10010262541

Is short-time work a good method to keep unemployment down?

Cahuc, Pierre; Carcillo, Stéphane - 2011

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

Persistent link: https://www.econbiz.de/10010274716

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 cost and constant returns of labor, the bargaining...

Persistent link: https://www.econbiz.de/10010262510

Human Capital Accumulation, Education and Earnings Inequality

Sunde, Uwe - 2001

This paper attempts to add to the understanding of the causes for the differing recent developments in inequality in OECD countries. The similarity of shocks and technological changes affecting these countries suggests that interactions of these shocks and countryspecific institutions are...

Persistent link: https://www.econbiz.de/10010262516

When Short-Time Work Works

Cahuc, Pierre; Kramarz, Francis; Nevoux, Sandra - 2018

Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, we first provide a model showing that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without...

Persistent link: https://www.econbiz.de/10011931638

On the Efficiency of Job Search with Social Networks

Cahuc, Pierre; Fontaine, François - 2002

of different job search methods, conditional unemployment benefits hikes can improve welfare when individuals are risk …

Persistent link: https://www.econbiz.de/10010262669

Human capital and growth: Specification matters

Sunde, Uwe; Vischer, Thomas - 2011

This paper suggests that the weak empirical effect of human capital on growth in existing cross-country studies is partly the result of an inappropriate specification that does not account for the different channels through which human capital affects growth. A systematic replication of earlier...

Persistent link: https://www.econbiz.de/10010280676

Real and nominal wage rigidities and the rate of inflation : evidence from West German micro data

Bauer, Thomas K.; Bonin, Holger; Sunde, Uwe - 2003

due to nominal, but mostly real wage rigidity is substantial. The extent of real rigidity rises with inflation, whereas … the opposite holds for nominal rigidity. Overall, the incidence of wage rigidity, which accelerates unemployment growth …, is most likely minimized in an environment with moderate inflation. …

Persistent link: https://www.econbiz.de/10010271824

Can policy interact with culture? Minimum wage and the quality of labor relations

Aghion, Philippe; Algan, Yann; Cahuc, Pierre - 2008

Can public policy interfere with culture, such as beliefs and norms of cooperation? We investigate his question by evaluating the interactions between the State and the Civil Society, focusing on the labor market. International data shows a negative correlation between union density and the...

Persistent link: https://www.econbiz.de/10010268716

The detaxation of overtime hours: Lessons from the French experiment

Cahuc, Pierre; Carcillo, Stéphane - 2011

In October 2007 France introduced an exemption on the income tax and social security contributions that applied to wages received for hours worked overtime. The goal of the policy was to increase the number of hours worked. This article shows that this reform has had no significant impact on...

Persistent link: https://www.econbiz.de/10010274652