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The paper examines how asymmetric information affects the supply of entrepreneurs and the level of unemployment. The … find that credit rationing may increase the number of entrepreneurs and the level of unemployment. The second source of … entrepreneurs. The paper first examines the implications of asymmetric information for the level of unemployment and an individual …
Persistent link: https://www.econbiz.de/10014222246
We examine how three sources of asymmetric information affect the supply of entrepreneurs and unemployment. In the … entrepreneurs and the level of unemployment. In the second case, firms cannot observe workers' effort, so they offer a wage above … the market clearing one. This results in unemployment and too few entrepreneurs. The final case arises when firms cannot …
Persistent link: https://www.econbiz.de/10014222295
narrative on efficiency wage and x-efficiency theory (includes the importance of fairness) (iii) building upon x-efficiency and … efficiency wage theory to better understand the demand side of the labor market (iv) discussing some of the cognitive …
Persistent link: https://www.econbiz.de/10013050704
This paper uses the Austrian Social Security Register (ASSD) to explore what information firms infer from the three common types of displacement: individual layoffs, individuals displaced due to a closure and individuals displaced due to a mass layoff. I bring together two strands of the...
Persistent link: https://www.econbiz.de/10011346047
A growing wage gap between immigrant and native-born workers is well documented and is a fundamental policy issue in Canada. It is quite possible that wage differences, commonly attributed to the lower quality of foreign credentials or the deficiency in the accreditation of these credentials,...
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