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<titre traitementparticulier="non">Abstract</titre> This article examine the theoretical meaning of the elasticity of hours to wages accounting for Labour demand in an on-the-job equilibrium search model framework. A firm posts part and full-time job offers as a result of the trade-off between its demand variability, its wage costs and...
Persistent link: https://www.econbiz.de/10005560172
We develop a simple model featuring search frictions and a nondegenerate labor supply decision along the extensive margin. The model is a standard version of the neoclassical growth model with indivisible labor with idiosyncratic shocks and frictions characterized by employment loss and...
Persistent link: https://www.econbiz.de/10005068285
Before the recent economic crisis, part-time employment was very low in Hungary. During the crisis, however, the most rapid increase in the number of part-time employees within the European Union was observed in Hungary. Part-time employment increased in a number of European Union countries for...
Persistent link: https://www.econbiz.de/10010854245
Neoclassical models of choice are estimated for the Colombian labor market. In a first approach, it is assumed that labor market choices are sequential: first, agents decide wheter they pay participate or not; if they do, they choose to be employed or continue to search; if they decide to be...
Persistent link: https://www.econbiz.de/10005464642
Job losses during the Great Recession were concentrated among middle-skill workers, the same group that over the long run has suffered the most from automation and international trade. How might long-run occupational polarization be related to cyclical changes in middle-skill employment? We find...
Persistent link: https://www.econbiz.de/10011207907
Ever since the seminal work of Stigler (1962), economists have recognized that information in markets is costly to acquire and can lead to “search frictionsâ€. The remarkable growth in online search has substantially lowered the cost of information acquisition. Despite this, there is...
Persistent link: https://www.econbiz.de/10011184410
Many studies have been conducted to analyze the effect of stricter Employment Protection Legislation (EPL). However, almost all of them has focused on an ex-post impact; leaving aside a second but equally important channel: expectations. This paper aims to analyze the role of expectations on...
Persistent link: https://www.econbiz.de/10010735919
We examine the firm's investment and hiring/firing policy under stochastic demand with potential reversibility. We evaluate in particular the values of both investment and hiring/firing growth and shutdown options not only for the standard Cobb–Douglas production function but also when taking...
Persistent link: https://www.econbiz.de/10010781975
A tanulmány a magyar munkanélküliek munkavállalási hajlandóságát elemzi. A munkavállalási hajlandóságot a becsült piaci munkakínálattal jellemezzük. Először Oaxaca tényezőkre bontásos módszere segítségével megvizsgáljuk a foglalkoztatottak és a munkanélküliek...
Persistent link: https://www.econbiz.de/10010963668
Following the most recent recession, an attempt has been made to explain current levels of unemployment as resulting from structural unemployment, or a mismatch between the skills of the unemployed and the types of jobs available. The evidence, however, indicates that the issue is actually a...
Persistent link: https://www.econbiz.de/10010579001