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A Real-Business-Cycle model with reciprocity in labor relations and fiscal policy: the case of Bulgaria
Vasilev, Aleksandar - 2017
In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage …-shirking type that empha- size the importance of aggregate labor market conditions as the main determinant in wage setting, e … be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal policy performs well vis …
Persistent link: https://www.econbiz.de/10011622575
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A real-business-cycle model with reciprocity in labor relations and a government sector
Vasilev, Aleksandar - 2017
In this paper we introduce reciprocity in labor relations and government sector to in- vestigate how well the real wage … employment rate, are not found to be quantitatively important for wage dynamics. Overall, the model with reciprocity and fiscal …
Persistent link: https://www.econbiz.de/10011853388
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - 2018
such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …
Persistent link: https://www.econbiz.de/10011925708
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - In: Review of Economic Perspectives 20 (2020) 1, pp. 91-105
such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …
Persistent link: https://www.econbiz.de/10012384140
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A Real-Business-Cycle model with efficiency wages and a government sector: the case of Bulgaria
Vasilev, Aleksandar - In: Central European Journal of Economic Modelling and … (2017) 4, pp. 359-377
unobservable workers e ort by employers and wage contracts as in Shapiro and Stiglitz (1984), as well as a detailed government …
Persistent link: https://www.econbiz.de/10011739205
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A Real-Business-Cycle model with search-and-matching frictions and efficiency ("fair") wages
Vasilev, Aleksandar - In: Journal of Economics and Econometrics 64 (2021) 2, pp. 1-23
volatility of unemployment, while the efficiency wage mechanism fits better the cyclicality of the wage rate. …
Persistent link: https://www.econbiz.de/10012432746
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On the persistence of firm expansion: The survival of new jobs in Austrian firms
Böheim, René; Stiglbauer, Alfred; Winter-Ebmer, Rudolf - 2005
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm's and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10010293739
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When and how to create a job: The survival of new jobs in Austrian firms
Böheim, René; Stiglbauer, Alfred; Winter-Ebmer, Rudolf - 2005
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm’s and from a macro perspective. Adjustment cost theories and arguments about option values...
Persistent link: https://www.econbiz.de/10010294519
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When and how to create a job: the survival of new jobs in Austrian firms
Böheim, René; Stiglbauer, Alfred M.; Winter-Ebmer, Rudolf - 2005
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firms and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10010267397
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On the Persistence of Job Creation in Old and New Firms
Böheim, René; Stiglbauer, Alfred; Winter-Ebmer, Rudolf - 2008
We suggest a new method to analyze the success of firm creation by looking at the persistence of new jobs created in old and in new firms. Compared to survival rates of new versus old firms, this measure has the advantage that the sustainability of job creation in different circumstances is...
Persistent link: https://www.econbiz.de/10010294908