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Rent-Sharing, Holdup, and Wages : Evidence from Matched Panel Data
Card, David - 2010
When wage contracts are relatively short-lived, rent sharing may reduce the incentives for investment since some of the returns to sunk capital are captured by workers. In this paper we use a matched worker-firm data set from the Veneto region of Italy that combines Social Security earnings...
Persistent link: https://www.econbiz.de/10013140998
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Effects of Employment Protection on Worker and Job Flows : Evidence from the 1990 Italian Reform
Kugler, Adriana D. - 2019
This paper uses the Italian Social Security employer-employee panel to study the effects of the Italian reform of 1990 on worker and job flows. We exploit the fact that this reform increased unjust dismissal costs for firms below 15 employees, while leaving dismissal costs unchanged for bigger...
Persistent link: https://www.econbiz.de/10012903630
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Unraveling Results from Comparable Demand and Supply : An Experimental Investigation
Niederle, Muriel - 2010
, matching can occur (inefficiently) early only when there is comparable demand and supply: a surplus of applicants, but a …
Persistent link: https://www.econbiz.de/10013152623
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Adjusted Estimates of Worker Flows and Job Openings in Jolts
Davis, Steven J. - 2010
We develop and implement a method to improve estimates of worker flows and job openings based on the Job Openings and Labor Turnover Survey (JOLTS). Our method involves reweighting the cross-sectional density of employment growth rates in JOLTS to match the corresponding density in the...
Persistent link: https://www.econbiz.de/10012759105
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Minimally Altruistic Wages and Unemployment in a Matching Model
Rotemberg, Julio J. - 2010
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10012759577
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Mismatch
Shimer, Robert - 2010
This paper develops a dynamic model of mismatch. Workers and jobs are randomly assigned to labor markets. Each labor market clears at each instant but some labor markets have more workers than jobs, hence unemployment, and some have more jobs than workers, hence vacancies. As workers and jobs...
Persistent link: https://www.econbiz.de/10012761787
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Wages and Informality in Developing Countries
Meghir, Costas - 2012
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...
Persistent link: https://www.econbiz.de/10013101278
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Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers
Hall, Robert E. - 2015
Matching efficiency is the productivity of the process for matching jobseekers to available jobs. Job-finding is the … output; vacant jobs and active jobseekers are the inputs. Measurement of matching efficiency follows the same principles as … measuring an index of productivity of production. We develop a framework for measuring matching productivity when the population …
Persistent link: https://www.econbiz.de/10013028544
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Sign Restrictions, Structural Vector Autoregressions, and Useful Prior Information
Baumeister, Christiane - 2014
This paper makes the following original contributions to the literature. (1) We develop a simpler analytical characterization and numerical algorithm for Bayesian inference in structural vector autoregressions that can be used for models that are overidentified, just-identified, or...
Persistent link: https://www.econbiz.de/10013040238
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Dynamics of Labor Demand : Evidence from Plant-Level Observations and Aggregate Implications
Cooper, Russell; Haltiwanger, John; Willis, Jonathan L. - 2021
This paper studies the dynamics of labor demand at the plant and aggregate levels. The correlation of hours and employment growth is negative at the plant level and positive in aggregate time series. Further, hours and employment growth are about equally volatile at the plant level while hours...
Persistent link: https://www.econbiz.de/10013246389