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The minimum wage from a two-sided perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …
Persistent link: https://www.econbiz.de/10010332009
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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/10010277955
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Comparing the effectiveness of employment subsidies
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2006
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 …) improve employment and welfare, (b) do not raise earnings inequality and (c) are self-financing. This criterion enables us to …
Persistent link: https://www.econbiz.de/10010277977
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Comparing the effectiveness of employment subsidies
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2010
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 …) improve employment and welfare, (b) do not raise earnings inequality and (c) are self-financing. This criterion enables us to …
Persistent link: https://www.econbiz.de/10011453727
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The inflation-output tradeoff: which type of labor market rigidity is to be blamed?
Merkl, Christian - 2009
In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the standard model is enhanced by real wage rigidities or...
Persistent link: https://www.econbiz.de/10010277953
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East German unemployment: the myth of the irrelevant labor market
Merkl, Christian; Snower, Dennis J. - 2008
This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage …
Persistent link: https://www.econbiz.de/10010277978
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They are even larger! More (on) puzzling labor market volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10010277952
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Macroeconomic volatilities and the labor market: first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2009
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …
Persistent link: https://www.econbiz.de/10010277954
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Real wage rigidities and the cost of disinflations: A comment on Blanchard and Galí
Ascari, Guido; Merkl, Christian - 2007
This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike Blanchard and Galí (2007) who carried out a similar analysis in a linearized framework, we take non- linearities into account. We show that the results change dramatically,...
Persistent link: https://www.econbiz.de/10010277967
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Einstellungsgutscheine: Konkrete Ausgestaltung für Deutschland
Boss, Alfred; Brown, Alessio J. G.; Merkl, Christian; … - 2007
on the new wage, the duration of unemployment and the subsequent employment duration. … "Comparing the Effectiveness of Employment Subsidies" von Alessio Brown, Christian Merkl und Dennis Snower). Nach unserem Konzept … Gutscheine soll mit der Dauer der Arbeitslosigkeit steigen sowie mit der Qualifikation und der anschließenden Beschäftigungsdauer …
Persistent link: https://www.econbiz.de/10010277968