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Spatial Equilibrium with Unemployment and Wage Bargaining : Theory and Estimation

Beaudry, Paul - 2013

In this paper, we present a spatial equilibrium model where search frictions hinder the immediate reallocation of workers both within and across local labour markets. Because of the frictions, firms and workers find themselves in bilateral monopoly positions when determining wages. Although...

Persistent link: https://www.econbiz.de/10013080419

In Search of Labor Demand

Beaudry, Paul - 2014

entrepreneurs in new firm creation. Using city-industry variation over four decades, we estimate the employment - wage elasticity to … local population is associated with a proportional increase in employment. These results provide indirect information about …

Persistent link: https://www.econbiz.de/10013045649

Is the Macroeconomy Locally Unstable and Why Should We Care?

Beaudry, Paul - 2016

In most modern macroeconomic models, the steady state (or balanced growth path) of the system is a local attractor, in the sense that, in the absence of shocks, the economy would converge to the steady state. In this paper, we examine whether the time series behavior of macroeconomic aggregates...

Persistent link: https://www.econbiz.de/10012991676

Why Has the Employment-Productivity Tradeoff Among Industrialized Countries Been so Strong?

Beaudry, Paul; Collard, Fabrice - 2021

countries has decreased substantially while the negative effect of a country's own employment growth (or labor force growth) on …

Persistent link: https://www.econbiz.de/10013248233

Taxes and Employment Subsidies in Optimal Redistribution Programs

Beaudry, Paul; Blackorby, Charles - 2021

employment, and (3) are utilitarian. " Formally, the problem is a special case of a multidimensional screening problem with two … redistribution in this environment involves distorting market" employment upwards for low net-income individuals (through negative … marginal income taxes or" employment subsidies) and distorting employment downward for high net-income individuals" (through …

Persistent link: https://www.econbiz.de/10013228016