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Wage Growth, Productivity Growth, and the Evolution of Employment

Hellwig, Martin F; Irmen, Andreas - C.E.P.R. Discussion Papers - 2001

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire levels, we obtain steady-state equilibria in which productivity grows at the same rate as wages,...

Persistent link: https://www.econbiz.de/10005789120

Bargaining Frictions and Hours Worked

Auray, Stéphane; Danthine, Samuel - Institute for the Study of Labor (IZA) - 2005

A matching model with labor/leisure choice and bargaining frictions is used to explain (i) differences in GDP per hour and GDP per capita, (ii) differences in employment, (iii) differences in the proportion of part-time work across countries. The model predicts that the higher the level of...

Persistent link: https://www.econbiz.de/10005822396

State Intervention and Labour Market in India: Issues and Options

Majumder, Rajarshi; Mukherjee, Dipa - Volkswirtschaftliche Fakultät, … - 2008

State interventions into Labour policies in India are directed towards ensuring both job security and income security. In this paper we look at likely impact of such policies. The laws are found to serve the organised workers primarily while large masses of unorganised workers are without any...

Persistent link: https://www.econbiz.de/10005836599

Evaluating the Economic Significance of Downward Nominal Wage Rigidity

Elsby, Michael W. - National Bureau of Economic Research (NBER) - 2006

results suggest that DNWR may not provide a strong argument against the targeting of low inflation rates, as practiced by many …

Persistent link: https://www.econbiz.de/10005714106

Minkälaista elvyttävää talous- ja työmarkkinapolitiikkaa pitäisi harjoittaa talouskriisissä?

Alho, Kari E.O. - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2009

Suomen talous on joutunut jyrkkään taantumaan, joka uhkaa muodostua syväksi lamaksi. Koska tilanteen taustalla ovat kysynnän hiipuminen kansainvälisessä taloudessa ja kotimaassa ja koska epävarmuuden lisääntyessä likviditeettirajoitusten merkitys kasvaa, voidaan taantumaa...

Persistent link: https://www.econbiz.de/10005049577

Rent Rigidity, Asymmetric Information, and Volatility Bounds in Labor

Bruegemann, Bjoern; Moscarini, Giuseppe - In: Review of Economic Dynamics 13 (2010) 3, pp. 575-596

Two thirds of US unemployment volatility is due to fluctuations in workers' job finding rate. In search and matching … worker rents (wages in excess of the value of unemployment). We show that volatility is subject to an upper bound if worker …

Persistent link: https://www.econbiz.de/10008504401

Wage and Price Phillips Curves: Some results for the U.S. Economy

Chen, Pu; Flaschel, Peter - In: Bulletin of the Czech Econometric Society 12 (2005)

-pressure, matters both in the labor market and the market for goods in the determination of wage and price inflation. vVe consider from … wages are more flexible than prices with respect to their respective demand pressure terms and that price inflation … determination gives (somewhat) more weight to medium term inflation than does wage inflation. This implies as reduced form equation …

Persistent link: https://www.econbiz.de/10008540607

Bargaining Frictions, Labor Income Taxation, and Economic Performance

Auray, Stéphane; Danthine, Samuel - Département d'économique, Faculté d'administration - 2009

This paper is an attempt to explain differences in economic performance between a subset of OECD countries. We classify countries in terms of their degree of rigidity in the labor market, and use a matching model with labor/leisure choice, bargaining frictions, and labor income taxation to...

Persistent link: https://www.econbiz.de/10008496436

Determinants of Profit Sharing in the Finnish Corporate Sector

Arranz-Aperte, Laura; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2003

This study investigates the role of factors that determine individual employees’ and firms’ participation in profit sharing schemes. Using a large panel data of Finnish employees for the period 1996-2000 we analyse individual and workplace characteristics that make firms employ profit...

Persistent link: https://www.econbiz.de/10005702995

Macroeconomic Dependencies of the Labor Market: Bulgaria and the European Union

Tsanov, Vassil - In: Economic Studies journal (2008) 4, pp. 3-32

inflation, work salaries and unemployment and evaluation of the degree of coordination between the demand and supply of labor …

Persistent link: https://www.econbiz.de/10005230708