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Díaz-Vázquez, Pilar; Snower, Dennis J. - In: German economic review 4 (2003) 2, pp. 139-150

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired … firing in recessions, while leaving hiring in booms unchanged. Thereby insider power reduces average employment. …

Persistent link: https://www.econbiz.de/10010314560

On the interplay between Keynesian and supply side economics

Karanassou, Marika; Snower, Dennis J. - 2007

; employment ; wage setting ; labour force participation ; labour market dynamics ; unemployment persistence ; imperfect …

Persistent link: https://www.econbiz.de/10009736646

On the Interplay between Keynesian and Supply Side Economics

Karanassou, Marika; Snower, Dennis J. - Department of Economics and Finance Research and … - 2007

Conventional wisdom suggests that nominal, demand-side shocks have only temporary effects on real macroeconomic magnitudes and that the duration of their effects depends on the degree of nominal inertia. It is also argued that, in the absence of unit roots, temporary supply-side shocks also have...

Persistent link: https://www.econbiz.de/10005764156

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10010265548

Interactions between employment and training policies

Oskamp, Frank; Snower, Dennis J. - 2007

This paper examines the interactions between employment and training policies. Their effectiveness in stimulating … income may be interdependent for various important reasons. For example, the more employment policies stimulate the … employment rate, the greater the length of time over which workers use the human capital generated by training policies. Moreover …

Persistent link: https://www.econbiz.de/10010272951

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10010281026

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10011412072

Unemployment Invariance

Karanassou, Marika; Snower, Dennis J. - School of Economics and Finance, Queen Mary - 2002

This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous...

Persistent link: https://www.econbiz.de/10005106368

Interactions between Employment and Training Policies

Oskamp, Frank; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2007

This paper examines the interactions between employment and training policies. Their effectiveness in stimulating … income and employment may be interdependent for various important reasons. For example, the more employment policies … stimulate the employment rate, the greater the length of time over which workers use the human capital generated by training …

Persistent link: https://www.econbiz.de/10005755249

The insider-outsider theory: a survey

Lindbeck, Assar; Snower, Dennis J. - 2002

costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …

Persistent link: https://www.econbiz.de/10010292491

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