This paper confronts Greenwald's model of adverse selection in the labour market, with Topel and Ward's model of job shopping. According to Greenwald's contribution, in a sequence of periods, workers' freedom to change jobs is seriously reduced by a process of adverse selection. The labour...

This paper develops a search and matching model of equilibrium unemployment, with on-the-job search, extended to both the informal sector and entrepreneurship. Three are the key features of this model: the entrepreneurial ability affects job productivity, all unemployed start their job search in...

Il problema dell'informazione asimmetrica nel mercato del lavoro e' stato affrontato ripercorrendo la letteratura relativa agli sviluppi dei modelli di salari di efficienza, nelle varie categorie di selezione avversa, azzardo morale e segnalazione. Per ognuna di queste categorie sono stati...

We consider the concept of a wage curve describing a negative relationship between unemployment and wages. We suggest an explanation of the wage curve using a number of theoretical labor market models, and present an empirical result of its determination for Russia obtained from analysis of...

The paper analyses the labour market in a framework of New Keynesian Economics (NKE). The aim of the NKE is to provide micro foundations to the main result of the Keynesian model, that is the rigidity of prices and wages as well as the presence of non market clearing equilibria. In the first...

In the end of 2012 the Russian economy entered a period of permanently declining growth rates. The paper provides a thorough analysis of the labor market performance under these new conditions. We explain why despite the economic stagnation its basic characteristics - labor force participation,...

Russian abstract: Молодежь сравнительно благополучно пережила кризис 2020 г. Высокий уровень безработицы 15–24-летних в России (15,5% в 2019 г. по сравнению с 4,6% безработицы в...

In recent years an increasing amount of efforts has been devoted, both in the U.S. and within the E.U., to perform impact evaluation of geographically-targeted economic development (GTED) programs. The surging interest for the evaluation of GTED programs is challenged by the difficulty to assess...