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Whodunnit? Changes in the relative demand for unskilled and skilled labor

Schimmelpfennig, Axel - 1999

relative wage of the skilled. Increasing unemployment results only for a restrictive assumption about labor market rigidities. …

Persistent link: https://www.econbiz.de/10010333017

The macroeconomics of the labor market: Three fundamental views

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

Persistent link: https://www.econbiz.de/10010276418

Provision of public goods, voting and agglomerative bias

Kopp, Andreas - 1998

Skill-biased technical change is identified as the driving force behind the changing skill composition in OECD countries rather than structural change. The finding is partly the result of the sectoral view taken. This paper suggests a different view which uses the production process as a...

Persistent link: https://www.econbiz.de/10010275394

Interactions between employment and training policies

Oskamp, Frank; Snower, Dennis J. - 2007

This paper examines the interactions between employment and training policies. Their effectiveness in stimulating income may be interdependent for various important reasons. For example, the more employment policies stimulate the employment rate, the greater the length of time over which workers...

Persistent link: https://www.econbiz.de/10010272951

The effect of low-wage subsidies on skills and employment

Oskamp, Frank; Snower, Dennis J. - 2006

We explore the far-reaching implications of low-wage subsidies on aggregate employment. Low-wage subsidies have three important effects. First, they promote employment of unskilled workers (who tend to be the ones who earn low wages). Second, by raising the payoff of unskilled work relative to...

Persistent link: https://www.econbiz.de/10010272975

What can a New Keynesian labor matching model match?

Reicher, Christopher Phillip - 2009

A labor matching model with nominal rigidities can match short-run movements in labor's share with some success. However, it cannot explain much of the behavior of employment, vacancies, and job flows in postwar US data without resorting to additional shocks beyond monetary policy and...

Persistent link: https://www.econbiz.de/10010265220

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

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

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

Keynesian and monetarist views on the German unemployment problem: theory and evidence

Gottschalk, Jan - 2002

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to review the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high unemployment in Germany using a structural vector …

Persistent link: https://www.econbiz.de/10010260487