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Lindbeck, Assar; Snower, Dennis J. - 2002

This article is an idiosyncratic survey of the insider-outsider theory, describing the vision underlying the theory … been dead-ends and red herrings in past research. The first section deals with the theory, concerning how labor turnover … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

Persistent link: https://www.econbiz.de/10010292491

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

Wage determination and the sources of bargaining power

Manzini, Paola; Snower, Dennis J. - 2002

the bargaining process itself. This approach leads to a new theory of wage determination. …

Persistent link: https://www.econbiz.de/10010265542

Pension taxes versus early retirement rights

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

This paper deals with two policy approaches to address the problem of the ?pensions time bomb? by influencing private-sector pension provision. In assessing the role of private-sector pensions, it is common to concentrate exclusively on the issue of whether early retirement penalties or late...

Persistent link: https://www.econbiz.de/10010265545

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 the labor force. Using Solow growth and endogenous growth...

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

The pension transfer program

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

The paper examines the following pension reform strategy that aims to defuse the pension time-bomb without giving rise to intergenerational conflict. Let people with rights to public pensions have the option of using a portion of their potential pensions to provide employment vouchers for...

Persistent link: https://www.econbiz.de/10010265553

From unemployment benefits to unemployment accounts

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

We explore the implications of replacing current unemployment benefit (UB) systems by unemployment accounts (UA). Under the UA system, employed people would be required to make ongoing contributions to their unemployment accounts, and the balances in these accounts would then be available to...

Persistent link: https://www.econbiz.de/10010265555

Incapacity benefits and employment policy

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

The paper explores the employment implications of allowing people the opportunity of using a portion of their incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this policy could increase employment, raise the incomes of...

Persistent link: https://www.econbiz.de/10010265558

The return of the long-run Phillips curve

Graham, Liam; Snower, Dennis J. - 2002

This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long-run inflation-unemployment tradeoff.

Persistent link: https://www.econbiz.de/10010265568