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local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …
Persistent link: https://www.econbiz.de/10005144473
This discussion paper has resulted in an article in 'Economica', 2002, 69(273), 21-40.
Persistent link: https://www.econbiz.de/10005042224
by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …
Persistent link: https://www.econbiz.de/10005504903
This discussion paper has resulted in an article in 'Economica', 2002, 69(273), 21-40.
Persistent link: https://www.econbiz.de/10011256288
by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …
Persistent link: https://www.econbiz.de/10011256488
local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …
Persistent link: https://www.econbiz.de/10011256886
unemployment benefit system on the development of the budget deficit, unemployment, and some other indicators of economic … adjustments in order to facilitate a balancing of the budget has strong adverse effects on unemployment and real GDP. …
Persistent link: https://www.econbiz.de/10011255463
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10011255490
Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...
Persistent link: https://www.econbiz.de/10011256264
Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...
Persistent link: https://www.econbiz.de/10005209528