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We use a calibrated general equilibrium model with heterogeneous labor and search to evaluate the quantitative effects of various labor tax cut scenarios. The focus is on skill heterogeneity combined with downward wage rigidities at the low end of the skill ladder. Workers can take jobs for...
Persistent link: https://www.econbiz.de/10013141697
This paper focuses on productivity dynamics of a firm-worker match as a potential explanation for the ‘unemployment volatility puzzle’. We let new matches and continuing jobs differ in terms of productivity level and sensitivity to aggregate productivity shocks. As a result, new matches have...
Persistent link: https://www.econbiz.de/10014206632
How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and estimate a search and matching model for workers with a VET degree. Workers differ in interpersonal, cognitive and manual skills, while firms require and value different...
Persistent link: https://www.econbiz.de/10012912688
How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and estimate a search and matching model for workers with a VET degree. Workers differ in interpersonal, cognitive and manual skills, while firms require and value different...
Persistent link: https://www.econbiz.de/10012915735
In the US labor market the average black worker is exposed to a lower employment rate and earns a lower wage compared to his white counterpart. Lang and Lehmann (2012) argue that these mean differences mask substantial heterogeneity along the distribution of workers' skill. In particular, they...
Persistent link: https://www.econbiz.de/10010355697
This paper models the university-to-work transition in a stochastic dynamic environment, where students may study and work simultaneously. Student employment decisions depend on academic achievement, labor market opportunities, and expectations about the future. Estimation of the structural...
Persistent link: https://www.econbiz.de/10012718878
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This study reviews the developments in Indonesia's labour markets during the Joko "Jokowi" Widodo presidency. It is set in the context of changing employment, wages and productivity since the Asian Financial Crisis and under the previous (Yudhoyono) government. We argue that Jokowi's approach as...
Persistent link: https://www.econbiz.de/10015188008
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