Facing the recent German debate on the minimum wage, this paper analyses theoretical effects of minimum wages on employment and wage distribution under a frictional setting. I??review new developments in search theory and discuss the influence of the minimum wage on wages and employment under...

We propose and estimate a model of family job search and wealth accumulation with data from the Survey of Income and Program Participation (SIPP). This dataset reveals a very asymmetric labor market for household members who share that their job finding is stimulated by their partners' job...

This paper provides new interpretations of the effects of rising economic turbulence-an increase in the rate of skill depreciation upon job loss-and its interaction with labor market institutions. We have three main results, based on a life-cycle model with labor market frictions and labor force...

When workers send applications to vacancies they create a bipartite network. Coordination frictions arise if workers and firms only observe their own links. We show that those frictions and the wage mechanism are in general not independent. Only wage mechanisms that allow for ex post competition...

This paper shows that job loss is associated with a fall in subjective well-being (SWB). It then looks at how this change in SWB predicts job search and unemployment duration. The findings suggest that those who report feeling hurt by unemployment have shorter unemployment durations. Men who...

Our paper studies the causes of poverty from the perspective of job search. We show that poor people remain poor because they have less time and initial endowment to search for a better job. Initial endowment is key to successful job search, as one can afford not to work and search longer for a...

Die Informationskanäle, über die Arbeitnehmer eine Beschäftigung finden, haben sich seit Beginn der 90er Jahre kaum verändert. Freunde und Bekannte sind nach wie vor die wichtigste Informationsquelle für eine erfolgreiche Stellensuche. Auch Anzeigen sind von großer Bedeutung, wobei...

Trotz der günstigen Beschäftigungsentwicklung ist die Zahl der Hartz IV-Empfänger in den letzten zweieinhalb Jahren nur wenig gesunken. Die Zahl der erwerbsfähigen und nicht arbeitslosen Leistungsempfänger ist sogar gewachsen. Die Arbeitslosigkeit unter den Hilfeempfängern hat zwar...

Self-employed workers account for between 8 and 30 % of participants in the labor markets of OECD countries (Blanchower, Self-employment: more may not be better, 2004). This paper develops and estimates a general equilibrium model of the labor market that accounts for this sizable proportion....

In response to the 2007-09 "Great Recession," the maximum duration of U.S. unemployment benefits was increased from the normal level of 26 weeks to an unprecedented 99 weeks. I estimate the impact of these extensions on job search, comparing them with the more limited extensions associated with...