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Labour-market institutions and macroeconomic shocks

Chen, Yu-Fu; Snower, Dennis J.; Gylfi, Zoega - 2002

Macroeconomic shocks and labour-market institutions jointly determine employment growth and economic performance. The effect of shocks depends on the nature of these intitutions and the effect of institutional change depends on the macroeconomic environment. It follows that a given set of...

Persistent link: https://www.econbiz.de/10010274027

Labour market institutions and macroeconomic shocks

Chen, Yu-Fu; Snower, Dennis J.; Gylfi, Zoega - 2001

Persistent link: https://www.econbiz.de/10010274028

Firing costs: eurosclerosis or eurosuccesses?

Chen, Yu-Fu; Snower, Dennis J.; Gylfi, Zoega - 1999

first two decades following World War II - when large supply shocks were absent and the average rate of growth was high …

Persistent link: https://www.econbiz.de/10010274030

Quadratic labor adjustment costs, business cycle dynamics and optimal monetary policy

Lechthaler, Wolfgang; Snower, Dennis J. - 2011

We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this increases output persistence in a similar vein as other models of labor market frictions. Furthermore, it is demonstrated that quadratic labor adjustment costs imply...

Persistent link: https://www.econbiz.de/10011453723

Comparing the effectiveness of employment subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2010

This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We consider measures involving targeting workers with...

Persistent link: https://www.econbiz.de/10011453727

The insider-outsider theory: a survey

Lindbeck, Assar; Snower, Dennis J. - 2002

This article is an idiosyncratic survey of the insider-outsider theory, describing the vision underlying the theory … been dead-ends and red herrings in past research. The first section deals with the theory, concerning how labor turnover … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

Persistent link: https://www.econbiz.de/10010292491

Firing Costs: Eurosclerosis or Eurosuccesses?

Chen, Yu-Fu; Snower, Dennis J.; Gylfi, Zoega - 1999

first two decades following World War II - when large supply shocks were absent and the average rate of growth was high …

Persistent link: https://www.econbiz.de/10010295075

Monetary persistence, imperfect competition and staggering complementarities

Merkl, Christian; Snower, Dennis J. - 2006

Persistent link: https://www.econbiz.de/10010332695

Can insider power affect employment?

Díaz-Vázquez, Pilar; Snower, Dennis J. - 2002

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 employees (entrants) receive their reservation wages....

Persistent link: https://www.econbiz.de/10010332696

Anatomy of policy complementarities

Orszag, Jonathan Michael; Snower, Dennis J. - 1998

Persistent link: https://www.econbiz.de/10010332702