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Escaping the unemployment trap : the case of East Germany
Merkl, Christian (contributor);  … - 2008 - Rev. version
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/10003775079
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Escaping the unemployment trap : the case of East Germany
Merkl, Christian (contributor);  … - 2007
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/10003414301
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Comparing the effectiveness of employment subsidies
Brown, Alessio J. G. (contributor);  … - 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 consider measures involving targeting workers with...
Persistent link: https://www.econbiz.de/10003384689
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A theory of price adjustment under loss aversion
Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price...
Persistent link: https://www.econbiz.de/10010341721
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Comparing the effectiveness of employment subsidies
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2010 - October 2010 (this final and revised version)
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/10011451838
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Technological advance, social fragmentation and welfare
Bosworth, Steven; Snower, Dennis J. - 2020
This paper models the welfare consequences of social fragmentation arising from technological advance. We start from the premise that technological progress falls primarily on market-traded commodities rather than prosocial relationships, since the latter intrinsically require the expenditure of...
Persistent link: https://www.econbiz.de/10012422737
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Minimum wages and firm training
Lechthaler, Wolfgang (contributor);  … - 2006
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/10003373639
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Institutions and training inequality
Lechthaler, Wolfgang (contributor);  … - 2007
We analyze the interaction among important institutional variables in the labor market (firing costs, minimum wages and …
Persistent link: https://www.econbiz.de/10003501785
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The effect of low-wage subsidies on skills and employment
Oskamp, Frank (contributor); Snower, Dennis J. (contributor) - 2006
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/10003367983
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East German unemployment : the myth of the irrelevant labor market
Merkl, Christian (contributor);  … - 2008
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/10003732134