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Professor Christopher Pissarides was awarded the 2010 Nobel Prize in Economics jointly with Peter Diamond and Dale Mortensen ‘for their analysis of markets with search frictions’. Though Pissarides is best known for his work in this area, it is only part of a very extensive research agenda...
Persistent link: https://www.econbiz.de/10009364192
This paper considers dynamic equilibria in wage bargaining unifying for the first time the models of Coles and Wright (1998) and Pissarides and producing in contrast to the Coles and Wright model, a non-deficient equilibrium. In sharp contrast to the Pissarides model we analyse a fully dynamic...
Persistent link: https://www.econbiz.de/10005748038
. First, the effect of housing tenure on the unemployed workers' labour mobility is studied using a discrete unemployment … endogeneity of the ownership status and institutional differences across countries. Third, post-unemployment wages are studied. We … do not find any effects of the unemployment spell duration and the geographical mobility on wages after controlling for …
Persistent link: https://www.econbiz.de/10005155300
<Para ID="Par1">This paper examines the impact of housing tenure choice on unemployment duration in Belgium using EU …. Accounting for tenure endogeneity and unobserved heterogeneity, we find that homeowners with a mortgage exit unemployment first …
Persistent link: https://www.econbiz.de/10010988356
This paper examines the impact of housing tenure choice on unemployment duration in Belgium using EU-SILC micro data … simultaneously estimate unemployment duration by a mixed proportional hazard model, and the probability of being an outright … the causal influence of different types of housing tenure on unemployment duration, we use instrumental variables. Our …
Persistent link: https://www.econbiz.de/10011083170
This paper examines the impact of housing tenure choice on unemployment duration in Belgium using EU‐SILC micro data … simultaneously estimate unemployment duration by a mixed proportional hazard model, and the probability of being an outright … the causal influence of different types of housing tenure on unemployment duration, we use instrumental variables. Our …
Persistent link: https://www.econbiz.de/10011085109
A striking feature of the past few decades has been the development of wage determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...
Persistent link: https://www.econbiz.de/10010904323
A striking feature of the past few decades has been the development of wage-determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...
Persistent link: https://www.econbiz.de/10010959709
Real wage rates in Ghana have fallen substantially over the last twenty years. In this paper survey data for the years 1991–1996 is used to assess whether this fall has continued in the 1990s. It is shown that the fall in average real wage rates has continued, the relative wage of skilled...
Persistent link: https://www.econbiz.de/10009642782
This study provides an analysis of the costs and benefits of emigration for Georgia, with an emphasis on emigration to the EU. In the concluding section we dwell on the consequences of a possible liberalization of EU migration policies with regard to Eastern Partnership (EaP) countries, and how...
Persistent link: https://www.econbiz.de/10010857956