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Can insider power affect employment?
Díaz-Vázquez, Pilar; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2003
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/10010983128
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Can insider power affect employment?
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
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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
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A Contribution to Unemployment Dynamics
Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995
This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are examined: (i) `unemployment persistence', arising when...
Persistent link: https://www.econbiz.de/10005791454
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How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory
Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998
This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the outcome of the interplay between labour market shocks...
Persistent link: https://www.econbiz.de/10005504680
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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
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Unemployment Invariance
Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 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/10005822664
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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
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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
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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