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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 91-105
We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...
Persistent link: https://www.econbiz.de/10012242326
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - 2018
We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...
Persistent link: https://www.econbiz.de/10011974105
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - 2018
We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...
Persistent link: https://www.econbiz.de/10011925708
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Payroll Taxes, Social Insurance and Business Cycles
Burda, Michael C.; Weder, Mark - 2010
frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …
Persistent link: https://www.econbiz.de/10010272039
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Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?
Vasilev, Aleksandar - In: Review of Economic Perspectives 20 (2020) 1, pp. 91-105
We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...
Persistent link: https://www.econbiz.de/10012384140
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The Ins and Outs of Involuntary Part-time Employment
Borowczyk-Martins, Daniel; Lalé, Etienne - 2018
We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the dynamics of involuntary part-time work. Transitions from full-time to...
Persistent link: https://www.econbiz.de/10012142390
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Beveridgean unemployment gap
Michaillat, Pascal; Saez, Emmanuel - In: Journal of public economics plus 2 (2021), pp. 1-17
This paper develops a sufficient-statistic formula for the unemployment gap-the difference between the actual … unemployment rate and the efficient unemployment rate. While lowering unemployment puts more people into work, it forces firms to … post more vacancies and to devote more resources to recruiting. This unemployment-vacancy tradeoff, governed by the …
Persistent link: https://www.econbiz.de/10012800439
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A Mechanism of Cyclical Volatility in the Vacancy-Unemployment Ratio: What Is the Source of Rigidity?
Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2011
in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …
Persistent link: https://www.econbiz.de/10009228915
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Labor Market Cycles, Unemployment Insurance Eligibility, and Moral Hazard
Faig, Miquel; Zhang, Min - In: Review of Economic Dynamics 15 (2012) 1, pp. 41-56
paper were to be implemented, the average unemployment rate in the United States would fall from 5.7 to 4.7 percent. Also … and realistic responses of unemployment to changes in UI benefits. (Copyright: Elsevier) …
Persistent link: https://www.econbiz.de/10009293001
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Payroll Taxes, Social Insurance and Business Cycles
Burda, Michael C.; Weder, Mark - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2010
frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. herunterladen. …
Persistent link: https://www.econbiz.de/10008525435