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The Minimum Wage from a Two-Sided Perspective

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2014

This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …

Persistent link: https://www.econbiz.de/10011103270

Comparing the effectiveness of employment subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2007

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency (AWE). Thereby we can identify policies that (a) improve employment and welfare, (b) do not raise earnings inequality …

Persistent link: https://www.econbiz.de/10010277966

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...

Persistent link: https://www.econbiz.de/10010278021

An Incentive Theory of Matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10004961441

Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2007

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a) improve employment and welfare, (b) do not raise earnings inequality …

Persistent link: https://www.econbiz.de/10005762441

The Minimum Wage from a Two-Sided Perspective

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2014

Persistent link: https://www.econbiz.de/10010377272

Macroeconomic volatilities and the labor market: First results from the euro experiment

Merkl, Christian; Schmitz, Tom - 2010

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …

Persistent link: https://www.econbiz.de/10010277963

They are even larger! More (on) puzzling labor market volatilities

Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009

This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...

Persistent link: https://www.econbiz.de/10010277960

Real wage rigidities and the cost of disinflations

Ascari, Guido; Merkl, Christian - 2007

This paper analyzes the cost of disinflations under real wage rigidities in a micro-founded New Keynesian model. The consensus is that real wage rigidities can be a useful mechanism to induce the inflation persistence that is absent in the standard Calvo model. Real wage rigidities thus generate...

Persistent link: https://www.econbiz.de/10010277969

The caring hand that cripples: The East German labor market after reunification (detailed version)

Snower, Dennis J.; Merkl, Christian - 2006

German welfare system and the associated employment persistence. Even the steady decrease of labor cost(normalized by … underutilization, and unemployment arising from the decline of the tradable sector. …

Persistent link: https://www.econbiz.de/10010277974