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The macroeconomics of the labor market: Three fundamental views

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2006

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

Persistent link: https://www.econbiz.de/10010276421

The Macroeconomics of the Labor Market: Three Fundamental Views

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006

Persistent link: https://www.econbiz.de/10005763692

Worker Identity, Employment Fluctuations and Stabilization Policy

Snower, Dennis J.; Lechthaler, Wolfgang - 2013

This paper provides a model of social hysteresis whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances fall....

Persistent link: https://www.econbiz.de/10010319518

Worker Identity, Employment Fluctuations and Stabilization Policy

Snower, Dennis J.; Lechthaler, Wolfgang - Institute for the Study of Labor (IZA) - 2013

This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances...

Persistent link: https://www.econbiz.de/10010884315

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

Persistent link: https://www.econbiz.de/10010265548

Unemployment Invariance

Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002

This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

Persistent link: https://www.econbiz.de/10005822664

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

On-the-job training, firing costs and employment

Díaz-Vázquez, Pilar; Snower, Dennis J. - 2003

This paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over the booms and recessions of the business cycle).

Persistent link: https://www.econbiz.de/10010265395

Can insider power affect employment?

Díaz-Vázquez, Pilar; Snower, Dennis J. - 2002

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....

Persistent link: https://www.econbiz.de/10010265538