How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We … novel screen to quantify how wages are affected by market power exerted in labor markets, either by a single firm or a group … of cooperating firms. The theory guides the measurement of labor “markdowns”, i.e., the gap between wage and the value of …

Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … predictions of our simple model are consistent with the contrasting performance of the labor market in Europe and US in terms of … unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies with calibrated …

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed … reductions in taxes sufficiently large to offset any effects of diminishing returns to labor. The second part of the paper …

decentralization of bargaining increased labor market flexibility and contributed to the reduction of unemployment. Our analysis …This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We … taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European …

spells of unemployment in the late 1970s, with then an increased importance of disability spells from the mid-1980s onwards … share of the population reporting ill health or disability or to the number claiming benefits. We also find evidence that …

improve the labor markets in which blacks - especially low-income urban blacks - tend to reside. We first review the … discuss new evidence of labor market networks that are to some extent stratified by race, which may help explain racial … urban blacks, and because, in the case of MTO, the role of labor market networks was weakened. Finally, we discuss policies …

-skilled labor markets, increasing unemployment of native low skilled. Legalization, instead decreases the unemployment rate of low … the US economy. To answer this question we set up a two-country model with search in labor markets and featuring legal and … the labor cost of employers who, as a consequence, create more jobs per unemployed when there are more immigrants. Because …

European unemployment has been steadily increasing for the last 15 years and isexpected to remain very high for many … years to come. In this paper, we argue thatthis fact implies that shocks have much more persistent effects on unemployment … and firms, shocks which affect actual unemployment tend also to affectequilibrium unemployment. We then confront the …

Throughout the postwar era until 1995 labor productivity grew faster in Europe than in the United States. Since 1995 … explanatory variables, and we link this time effect to a secular increase in the labor-force participation of women, particularly …

unemployment. We show that heterogeneity, reflecting differences in match quality and worker assets, reduces the extent of … fluctuations in separations and unemployment. We find that the model faces a trade-off--it cannot produce both realistic dispersion … in wage growth across workers and realistic cyclical fluctuations in unemployment …