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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

A real-business-cycle model with efficiency wages and fiscal policy : the case of Bulgaria

Vasilev, Aleksandar - 2016

Persistent link: https://www.econbiz.de/10011574005

A real-business-cycle model with efficiency wages and a government sector : the case of Bulgaria

Vasilev, Aleksandar - 2017

In this paper we investigate the quantitative importance of e fficiency wages in explaining fluctuations in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with unobservable workers e ort by employers and wage...

Persistent link: https://www.econbiz.de/10011761449

A real-business-cycle model with reciprocity in labor relations and a government sector

Vasilevski, Aleksandar - 2017

In this paper we introduce reciprocity in labor relations and government sector to in- vestigate how well the real wage rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism described in this paper follows Danthine and Kurmann...

Persistent link: https://www.econbiz.de/10011785061

Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?

Vasilev, Aleksandar - 2018

Persistent link: https://www.econbiz.de/10011974105

Is perfection optimal? Employment and product market competition

Amable, Bruno; Gatti, Donatella - 2000

This paper proposes a model of efficiency wage with endogenous workers flows in interaction with imperfect competition on the product markets. Subject to economy-wide shocks, firms hire and fire workers thus generating a certain turnover. We show that the intensity of this turnover negatively...

Persistent link: https://www.econbiz.de/10010304143

Ranking of Job Applicants, On-the-job Search, and Persistent Unemployment

Eriksson, Stefan; Gottfries, Nils - 2003

employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial … to explain the high and persistent European unemployment. …

Persistent link: https://www.econbiz.de/10010321725

Employee Referrals and Efficiency Wages

Kugler, Adriana D. - 2002

Many workers believe that personal contacts are crucial for obtaining jobs in high-wage sectors. On the other hand, firms in high-wage sectors report using employee referrals because they help provide screening and monitoring of new employees. This paper develops a matching model that can...

Persistent link: https://www.econbiz.de/10010262359

The Impact of Product Market Competition on Employment and Wages

Amable, Bruno; Gatti, Donatella - 2001

proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment …

Persistent link: https://www.econbiz.de/10010262481

Efficiency-wage unemployment and endogenous growth

Meckl, Jürgen - 1999

This paper examines positive and normative implications of efficiency-wage induced unemployment within a model of … and the rate of unemployment. The sign of this correlation is shown to be given by the intersectoral wage differential …. Despite the existence of unemployment, decisive positive properties of the full-employment model are preserved. However …

Persistent link: https://www.econbiz.de/10009491594

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