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In Lazear's (1979) model of efficient long-term incentive contracts, employers impose involuntary retirement based on age. This model implies that age discrimination laws, which bar involuntary terminations based on age, discourage the use of such contracts and reduce efficiency. Alternatively,...
Persistent link: https://www.econbiz.de/10012472726
Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market … massive vacancies. The dispersion of wages increased substantially in Hungary and Poland though not in Czechoslovakia. My …
Persistent link: https://www.econbiz.de/10012474756
. Consider the following matching mechanism: take a random draw from the `W=w_j` subgroup of the first population and match her … function (AMF), denote the expected output associated with this match. We show that (i) the AMF is identified when matching is … conditionally exogenous, (ii) conditionally exogenous matching is compatible with a pairwise stable aggregate matching equilibrium …
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Economists have long hypothesized that large and thick labor markets facilitate the matching between workers and firms …
Persistent link: https://www.econbiz.de/10014512104
The process of matching between firms and workers is an important mechanism in determining the distribution of wages … association of firm-worker matches known as positive assortative matching (PAM). Immigration in a local labor market, by … that the increased degree of positive assortative matching is mainly reached by high-productive firms "losing" lower …
Persistent link: https://www.econbiz.de/10012482041
This project studies the impact of education mismatch on labor outcomes. Across our sample of OECD countries, there is evidence of mismatch in education choices and labor markets. Labor market outcomes are not independent of education mismatch. Our framework for analysis is a dynamic choice...
Persistent link: https://www.econbiz.de/10012482388