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Labor market efficiency, wages and employment when search frictions interact with intrafirm bargaining
Cahuc, Pierre; Wasmer, Etienne - 2001
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring cost and constant returns of labor, the bargaining...
Persistent link: https://www.econbiz.de/10011401500
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Labor Market Flows and Equilibrium Search Unemployment
Garibaldi, Pietro; Wasmer, Etienne - 2001
This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
Persistent link: https://www.econbiz.de/10010262607
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Labor market flows and equilibrium search unemployment
Garibaldi, Pietro; Wasmer, Etienne - 2001
This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
Persistent link: https://www.econbiz.de/10011405565
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Local Social Capital and Geographical Mobility : Some Empirics and a Conjecture on the Nature of European Unemployment
David, Quentin; Janiak, Alexandre; Wasmer, Etienne - 2021
factor behind high unemployment when jobless people prefer to remain in their home region rather than to go prospecting in …, which appears to be a strong factor of immobility. It is also a fairly large factor of unemployment when social capital is … Europe they tend to invest in more general types of social capital, we argue that part of the European unemployment puzzle …
Persistent link: https://www.econbiz.de/10013325000
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Labor Market Flows and Equilibrium Search Unemployment
Garibaldi, Pietro; Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2001
This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
Persistent link: https://www.econbiz.de/10005763713
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Labor Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining
Cahuc, Pierre; Wasmer, Etienne - 2001
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring cost and constant returns of labor, the bargaining...
Persistent link: https://www.econbiz.de/10010262510
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Labor Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining
Cahuc, Pierre; Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2001
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring cost and constant returns of labor, the bargaining...
Persistent link: https://www.econbiz.de/10005703320
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Raising female employment : reflexions and policy tools
Garibaldi, Pietro; Wasmer, Etienne - 2003
While there is consensus on the need to raise the time spent in the market by European women, it is not clear how these goals should be achieved. Tax wedges, assistance in the job search process, and part-time jobs are policy instruments that are widely debated in policy circles. The paper...
Persistent link: https://www.econbiz.de/10010261649
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Local social capital and geographical mobility: a theory
David, Quentin; Janiak, Alexandre; Wasmer, Etienne - 2008
In this paper, we attempt to understand the determinants of mobility by introducing the concept of local social capital. Investing in local ties is rational when workers anticipate that they will not move to another region. Reciprocally, once local social capital is accumulated, incentives to...
Persistent link: https://www.econbiz.de/10010268578
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Local social capital and geographical mobility: some empirics and a conjecture on the nature of European unemployment
David, Quentin; Janiak, Alexandre; Wasmer, Etienne - 2008
factor behind high unemployment when jobless people prefer to remain in their home region rather than to go prospecting in …, which appears to be a strong factor of immobility. It is also a fairly large factor of unemployment when social capital is … Europe they tend to invest in more general types of social capital, we argue that part of the European unemployment puzzle …
Persistent link: https://www.econbiz.de/10010268633