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This is the second part of a long investigation under the title of, Principia Oeconomica; the first having appeared in this journal in 1986. The substance of the argument in this contribution is in the form of a dialogue with Henri Guitton, member of l'Institut de France and author of a book in...
Persistent link: https://www.econbiz.de/10014806680
, but not in the probabilistic condition. Moreover, the treatment effect is strongest among firms which offer high wages. …
Persistent link: https://www.econbiz.de/10012042552
Abstract Building on insights from the insider-outsider theory, we examine the effects of the Employment Protection … lead to an increase in wages and labour productivity especially in labour intensive industries, but discourage employment …. The study demonstrates how the insider-outsider model combined with the labour market segmentation theory, unlike labour …
Persistent link: https://www.econbiz.de/10014585248
Abstract During the 1990s economic expansion, the United States enjoyed both low inflation and low unemployment. Juhn, Murphy, and Topel (2002) point out that low unemployment for men in the 1990s was accompanied by historically high non-employment suggesting that the 1990s economy was not as...
Persistent link: https://www.econbiz.de/10014586835
wages coupled with less regulations governing the labour market and the product market in the US has induced firms to employ … in skill premium but changes in relatives wages are related to changes in relative employment. 5. The differing … dispersion of wages is not a major contributor to differences in employment rates between Germany and the US. The jobs problem in …
Persistent link: https://www.econbiz.de/10014608668
covariates of the matching trend. It turns out that the evolution of real wages is a significant factor of mismatch in Germany …. There seems to be growing mismatch because the (demanded) feasible wage of firms does not coincide with reservation wages of … minimum wages has significantly contributed to increased matching activities.  …
Persistent link: https://www.econbiz.de/10014608672
Summary In many countries on the European continent, it is feared that public funding of tertiary education (university and non-university) leads to an undesirable redistribution of income “from the bottom up”. The calculation of private rates of return is one way of answering this and other...
Persistent link: https://www.econbiz.de/10014608715
crisis. Contrary to the standard results of human capital theory, holistic firms are willing to invest in transferable human …
Persistent link: https://www.econbiz.de/10014608978
Summary This paper considers training, mobility decisions and wages together to test for the specificity of human … capital contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages …. Second, we find that wages are lower for job changers for the group of training participants, so wages decrease when trained …
Persistent link: https://www.econbiz.de/10014609087
conclude that indeed a close relationship exists between wages and labor market transitions as predicted by search theory …Summary Equilibrium search theory suggests that the wage distribution in a cross section of workers is closely related … transitions and the wage structure in Germany. Motivated by search theory, we use the data to explore descriptively labor market …
Persistent link: https://www.econbiz.de/10014609138