Showing 1 - 10 of 421
understanding of principal-agent interactions, social preferences, union-firm bargaining, arbitration, gender differentials …
Persistent link: https://www.econbiz.de/10013144747
A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can potentially explain the large unemployment dynamics in the Great Depression. The limited response of wages to labor market conditions from credible bargaining and the congestion...
Persistent link: https://www.econbiz.de/10013079211
This paper discusses population aging, increased participation of seniors in the labor force in the United States (and reasons for this), and how these trends are making the struggles of older workers in the labor market increasingly relevant. Evidence examining whether age discrimination is a...
Persistent link: https://www.econbiz.de/10012870062
Racial affirmative action policies are widespread in college admissions. Yet, evidence on their effects before college is limited. Using four data sets, we study a U.S. Supreme Court ruling that reinstated affirmative action in three states. Using nationwide SAT data for...
Persistent link: https://www.econbiz.de/10014093963
Large-scale social experiments were pioneered in labor economics, and are the basis for much of what we know about topics ranging from the effect of job training to incentives for job search to labor supply responses to taxation. Random assignment has provided a powerful solution to selection...
Persistent link: https://www.econbiz.de/10012983683
The emerging empirical literature on the economics of arbitration has focused primarily on the behavior of arbitrators … under alternative forms of arbitration. This article suggests that it is natural for empirical economists to now expand … behavior are discussed: (1) the decision to settle a dispute voluntarily or to proceed to arbitration; (2) the strategy for …
Persistent link: https://www.econbiz.de/10013295077
Understanding whether labor market discrimination explains inferior labor market outcomes for many groups has drawn the attention of labor economists for decades – at least since the publication of Gary Becker's The Economics of Discrimination in 1957. The decades of research on discrimination...
Persistent link: https://www.econbiz.de/10012997905
This paper shows that market economies with search and in which wages are affected by efficiency wage considerations are not constrained Pareto efficient. Wages are not set at Pareto efficient levels, nor is the level of employment (unemployment) Pareto efficient. We identify the nature of the...
Persistent link: https://www.econbiz.de/10012777168
This paper analyses job seekers' perceptions and their relationship to unemployment outcomes to study heterogeneity and duration dependence in both perceived and actual job finding. Using longitudinal data from two comprehensive surveys, we document that elicited beliefs are (1) strongly...
Persistent link: https://www.econbiz.de/10012907446
In this paper, we estimate matching functions using disaggregate data. We find strong support for the matching approach, with most specifications implying slightly increasing returns to scale. This finding does not appear to arise from our inclusion of additional controls or from the level of...
Persistent link: https://www.econbiz.de/10013244376