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Interpreting Europe and US labor markets differences : the specificity of human capital investments
Wasmer, Etienne - 2002
little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
Persistent link: https://www.econbiz.de/10011412475
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The unintended consequences of meritocratic government hiring
Geromichalos, Athanasios; Kospentaris, Ioannis - 2020 - This version: January 2020
' incentives to create jobs, increases unemployment, and lowers GDP. To quantify the effects of this novel channel, we extend the … counterfactual exercises. We find that the adverse effects of our mechanism on the economy's TFP, GDP, and unemployment are sizable. …
Persistent link: https://www.econbiz.de/10012137653
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Interpreting Europe and US Labor Markets Differences: The Specificity of Human Capital Investments
Wasmer, Etienne - 2002
little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
Persistent link: https://www.econbiz.de/10010262696
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Minimally altruistic wages and unemployment in a matching model
Rotemberg, Julio J. (contributor) - 2007
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10003715729
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Incentives in Competitive Search Equilibrium
Moen, Espen R.; Rosen, Asa - 2009
rule. The model is used to address the "Shimer puzzle" related to the low volatility of the unemployment rate relative to … unemployment rate to changes in productivity and in particular to changes in the information structure …
Persistent link: https://www.econbiz.de/10014224283
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Minimally Altruistic Wages and Unemployment in a Matching Model
Rotemberg, Julio J. - 2009
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10014048501
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Labor market fluctuations in the small and in the large
Rogerson, Richard Donald; Visschers, Lodewijk P.; … - In: International journal of economic theory 5 (2009) 1, pp. 125-137
Persistent link: https://www.econbiz.de/10003825316
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Labor market fluctuations in the small and in the large
Rogerson, Richard Donald; Visschers, Lodewijk P.; … - 2008
"Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …
Persistent link: https://www.econbiz.de/10003686557
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Labor Market Fluctuations in the Small and in the Large
Rogerson, Richard - 2008
Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …
Persistent link: https://www.econbiz.de/10012772372
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Labor Market Fluctuations in the Small and in the Large
Rogerson, Richard - 2008
Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …
Persistent link: https://www.econbiz.de/10012464775