This paper formalizes the use of flexible labor contracts in an efficiency wage framework and derives market dualism as … an endogenous outcome. By allowing temporary contracts to be either renewed or converted into permanent contracts, new …-term contracts are converted into open-ended contracts is itself an incentive device which acts as a substitute for the wage. It …

The paper studies human capital accumulation over workers' careers in an on the job search setting with heterogenous …

when search is endogenous. We assume that a union president, elected by majority voting determines the wage. We analyse the …

rather than wages, at odds with the quantitative predictions of the canonical search model - even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …