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Stellung in Deutschland behauptet. Die übrigen Medien- und IT-Zentren folgen erst mit erheblichem Abstand. …
Persistent link: https://www.econbiz.de/10011601775
The Solow condition is examined in an intertemporal model that blends the shirking and the turnover models of … efficiency wages with managerial supervision. It is shown that the Solow condition does not hold when shirking and turnover costs … are considered. The Solow condition can be a possible outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10011529959
We estimate Frisch elasticity in a labor market with high job turnover. In a context where only around 18% of the … endogeneity implies a downward sloping labor supply, while the job turnover bias, not accounting for job turnover, overestimates …
Persistent link: https://www.econbiz.de/10013097875
The main emphasis of this article is focused on the growing problem of structural unemployment in selected group of transition countries. Namely, if a certain region has a greater degree of unemployment rate than the frictional one, and if another region shows greater number of available...
Persistent link: https://www.econbiz.de/10013081316
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
turnover and endogenous general human capital formation. We show that search frictions do not distort training decisions if … efficient coordination devices there is too much turnover and too little investments in general training. Nonetheless, the …
Persistent link: https://www.econbiz.de/10014109456
The purpose of this chapter is twofold. First, it reviews the model of search and matching equilibrium and derives the properties of employment and unemployment equilibrium. Second, it applies the model to the study of employment fluctuations and to the explanation of differences in unemployment...
Persistent link: https://www.econbiz.de/10014024227
This paper examines a labor law reform implemented in Portugal in 2009 which restricted the use of fixed-term contracts to reduce labor market segmentation. The reform targeted establishments created by large firms above a specific size threshold, covering about 15% of total employment. Drawing...
Persistent link: https://www.econbiz.de/10014083926
This paper develops a model of equilibrium unemployment with (unobservable) endogenous on-the-job search and (partly unobservable) endogenous search behavior by firms. The model allows to analyze crowding-out of unemployed job seekers by endogenous on-the job search of employees, and the...
Persistent link: https://www.econbiz.de/10011412007