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Moral Hazard and Unemployment in Competitive Equilibrium

Rey, Patrick; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024

, that frictions (sand-in-the-wheels) may decrease unemployment and that the equilibrium is determined by two simple …

Persistent link: https://www.econbiz.de/10014635663

Countries for Old Men : An Analysis of the Age Pay Gap

Bianchi, Nicola; Paradisi, Matteo - National Bureau of Economic Research - 2024

This study investigates the growing wage disparity between older and younger workers in high-income countries. We propose a conceptual framework of the labor market in which firms cannot change the contracts of older employees and cannot freely add higher-ranked positions to their organizations....

Persistent link: https://www.econbiz.de/10014528380

The Gender Pay Gap : Micro Sources and Macro Consequences

Morchio, Iacopo; Moser, Christian - National Bureau of Economic Research - 2024

Using linked employer-employee data from Brazil, we document a large gender pay gap due to women working at lower-paying employers with better nonpay attributes. To interpret these facts, we develop an equilibrium search model with endogenous firm pay, amenities, and hiring. We provide a...

Persistent link: https://www.econbiz.de/10014544687

The Race Between Education, Technology, and the Minimum Wage

Vogel, Jonathan - National Bureau of Economic Research - 2023

What is the impact of the minimum wage on the college wage premium? I show that job-ladder models imply that the effect should be small on impact---raising only the wages of workers bound by the minimum wage---and grow over time as workers slowly move up the job ladder. Guided by my theory, I...

Persistent link: https://www.econbiz.de/10014247949

Firm Sorting and Spatial Inequality

Lindenlaub, Ilse; Oh, Ryungha; Peters, Michael - National Bureau of Economic Research - 2022

We study the importance of firm sorting for spatial inequality. If productive locations are able to attract the most productive firms, then firm sorting acts as an amplifier of spatial inequality. We develop a novel model of spatial firm sorting, in which heterogeneous firms first choose a...

Persistent link: https://www.econbiz.de/10013462686

The Big Shift in Working Arrangements : Eight Ways Unusual

Davis, Steven J. - National Bureau of Economic Research - 2024

The COVID-19 pandemic instigated a big shift in working arrangements. I first describe the scale of this shift in the United States, drawing on the Survey of Working Arrangements and Attitudes and other sources. I then review differences, circa 2023, in work-from-home rates across industries,...

Persistent link: https://www.econbiz.de/10014528401

Technology, Unemployment, and Inflation

Mincer, Jacob - 2000

We explore the response of employment (unemployment) skill differentials to skill-biased shifts in demand touched off … by the new and spreading technologies. We find that skill differentials in unemployment follow at least in part the same … differences defined by technology. In the aggregate time series relative unemployment is defined by educational unemployment …

Persistent link: https://www.econbiz.de/10012470933

The Gender Gap in Earnings Losses after Job Displacement

Illing, Hannah; Schmieder, Johannes; Trenkle, Simon - National Bureau of Economic Research - 2021

Existing research has shown that job displacement leads to large and persistent earnings losses for men, but evidence for women is scarce. Using administrative data from Germany, we apply an event study design in combination with propensity score matching and a reweighting technique to directly...

Persistent link: https://www.econbiz.de/10012629471

Worker Beliefs About Outside Options

Jäger, Simon; Roth, Christopher; Roussille, Nina; … - National Bureau of Economic Research - 2021

Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...

Persistent link: https://www.econbiz.de/10012794650

A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination and Keynesian Unemployment

Bulow, Jeremy I. - 1985

unemployment …

Persistent link: https://www.econbiz.de/10012477414