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small reduction in the unemployment benefits, or introducing a small cash bonus for workers that get a new job, may have no … e.ect on unemployment in some cases, while eradicating significant levels of unemployment in other cases. Our analysis … multiple equilibria may exist in a game involving both workers and an unemployment-averse government. Furthermore, we explore a …
Persistent link: https://www.econbiz.de/10011409750
small reduction in the unemployment benefits, or introducing a small cash bonus for workers that get a new job, may have no … effect on unemployment in some cases, while eradicating significant levels of unemployment in other cases. Our analysis … multiple equilibria may exist in a game involving both workers and an unemployment-averse government. Furthermore, we explore a …
Persistent link: https://www.econbiz.de/10013320542
unionized sector creates unemployment whenever the union wage exceeds the competitive wage. Government intervention can increase … both the equilibrium amount of unemployment and worsen the intersectoral allocation of labour, because of the induced … change in the endogenous wage. Unemployment weakens but does not eliminate the possibility of a "labour-management conspiracy." …
Persistent link: https://www.econbiz.de/10014153157
Changing social norms, as reflected in the interactions between spouses, are hypothesized to affect the employment rates of married women. A model is built in order to estimate this effect, in which the employment of married men and women is the outcome of an internal household game. The type of...
Persistent link: https://www.econbiz.de/10013096154
Persistent link: https://www.econbiz.de/10003661395
We develop a product market theory that explains why firms invest in general training of their workers. We consider a …
Persistent link: https://www.econbiz.de/10011402873
It is widely believed that the ideal board in corporations is composed almost entirely of independent (outside) directors. In contrast, this paper shows that some lack of board independence can be in the interest of shareholders. This follows because a lack of board independence serves as a...
Persistent link: https://www.econbiz.de/10002844111
Persistent link: https://www.econbiz.de/10001483231
Persistent link: https://www.econbiz.de/10001659056
We develop a product market theory that explains why firms invest in general training of their workers. We consider a …
Persistent link: https://www.econbiz.de/10001610642