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proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …
Persistent link: https://www.econbiz.de/10010277979
proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …
Persistent link: https://www.econbiz.de/10010289800
This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We consider measures involving targeting workers with...
Persistent link: https://www.econbiz.de/10010277977
We analyze the interaction among important institutional variables in the labor market (firing costs, minimum wages and …
Persistent link: https://www.econbiz.de/10010272964
important effects. First, they promote employment of unskilled workers (who tend to be the ones who earn low wages). Second, by …
Persistent link: https://www.econbiz.de/10010272975
The paper analyzes the influence of minimum wages on firms' incentive to train their employees. We show that this … influence rests on two countervailing effects: minimum wages (i) augment wage compression and thereby raise firms' incentives to … minimum wages give rise to skills inequality: a rise in the minimum wage leads to less training for low-ability workers and …
Persistent link: https://www.econbiz.de/10010273107
This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage adjustment after German reunification. We model the resulting labor market traps in a search and matching framework, show that they are difficult to overcome, and provide...
Persistent link: https://www.econbiz.de/10010277978
Gutscheine soll mit der Dauer der Arbeitslosigkeit steigen sowie mit der Qualifikation und der anschließenden Beschäftigungsdauer …
Persistent link: https://www.econbiz.de/10010277968
Persistent link: https://www.econbiz.de/10001010709
We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this is sufficient to increase both, output and inflation persistence.
Persistent link: https://www.econbiz.de/10010263522