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matching process, we find that the first best age-dynamic of firing taxes and hiring subsidies is typically hump-shaped. Taking …
Persistent link: https://www.econbiz.de/10010269359
This paper builds a macroeconomic model of equilibrium unemployment in which firms persistently face difficulties in selling their production and this affects their decisions to create jobs. Due to search-frictions on the product market, equilibrium unemployment is a U-shaped function of the...
Persistent link: https://www.econbiz.de/10010277003
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10010261543
In this paper we investigate how heterogeneous agents choose among tournaments with different prizes. We show that if the number of agents is sufficiently small, multiple equilibria can arise. Depending on how the prize money is split over the tournaments, these may include, for example, a...
Persistent link: https://www.econbiz.de/10010274585
We investigate the matching algorithm used by the German central clearinghouse for university admissions (ZVS) in … criteria applied for admission they all make use of priority matching. In priority matching schemes, it is not a dominant … applicants, we are able to detect some amount of strategic behaviour which can lead to inefficient matching. Alternative ways to …
Persistent link: https://www.econbiz.de/10010268885
does a poor job in matching real-world networks. We also analyze behaviors on networks, which take networks as given and …
Persistent link: https://www.econbiz.de/10010275834
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as … substitutability. The standard approach reflecting this idea is a translog specification – this is also the approach used by numerous … hypothesis, the degree of substitutability between skilled labor and capital is lower than that for unskilled labor and capital …
Persistent link: https://www.econbiz.de/10010262521
This paper investigates the substitutability of labor of selected ethnic groups in the US labor market. In the …
Persistent link: https://www.econbiz.de/10010267338
complementarity and substitutability relationships, depending both on the typology of the targeted innovation output and on the …
Persistent link: https://www.econbiz.de/10010268495
This article is the first to examine how 1st-generation migrants affect the employment of workers born in the host country according to their origin, distinguishing between natives and 2nd-generation migrants. To do so, we take advantage of access to a unique linked employer-employee dataset for...
Persistent link: https://www.econbiz.de/10014534046