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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
We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect …
Persistent link: https://www.econbiz.de/10010269110
paper stresses the role of horizontal differences in worker productivity, as opposed to vertical, assortative matching …
Persistent link: https://www.econbiz.de/10010283961
In this paper I present a methodology that uses matching comparisons to explain gender differences in wages. The …% of the male and female working populations respectively. The matching methodology allows us to quantify the effect of …
Persistent link: https://www.econbiz.de/10010261756
This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched …
Persistent link: https://www.econbiz.de/10010262031
In this paper we extend a job search-matching model with firm-specific investments in training developed by Mortensen … framework and the search-matching framework (eg. Pissarides, 1990). Second, it improves the correspondence between the …
Persistent link: https://www.econbiz.de/10010262429
production determined by a matching process between workers and jobs. Macroeconomic equilibrium (national savings equal to …
Persistent link: https://www.econbiz.de/10010262585
labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …
Persistent link: https://www.econbiz.de/10010262607
matching and a variety of methods using propensity score matching. In each case, we consider estimates based on levels of post … propensity score matching is generally most effective, but the detailed implementation of the method is not of critical …
Persistent link: https://www.econbiz.de/10010262752