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Although labor market duality is a widespread phenomenon in many OECD countries, there is yet no research consent on the effects of duality on labor market dynamics and performance. Against this background, using a New Keynesian model with unemployment, this paper theoretically investigates the...
Persistent link: https://www.econbiz.de/10010439587
This paper considers a two-period optimal contracting model in which firms make new hires in the second period subject to the constraint that they cannot pay discriminate either against or in favour of the new hires. Under an assumption on the information available to workers, it is shown that...
Persistent link: https://www.econbiz.de/10013321277
positive compensating wage differentials that would otherwise be paid. Specifically, we ask whether industries with relatively …
Persistent link: https://www.econbiz.de/10011906083
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage … stickiness on the layoff margin. Most UI recipients express a willingness to accept wage cuts of 5-10 percent to save their jobs … percent don’t think wage cuts would save their jobs. For those who lost union jobs, 45 percent say contractual restrictions …
Persistent link: https://www.econbiz.de/10014354714
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage … stickiness on the layoff margin. Most UI recipients express a willingness to accept wage cuts of 5-10 percent to save their jobs … wage cuts would save their jobs. For lost union jobs, 45 percent say contractual restrictions prevent wage cuts. Among …
Persistent link: https://www.econbiz.de/10014337762
wage losses of workers displaced due to firm closure based on the comparison of workers' wages differentials before and … after displacement. Potential wage losses of displaced workers can be related to firm, job title, and match heterogeneity in … that enables us to decompose the sources of the wage losses into the contribution of firm, job title, and match fixed …
Persistent link: https://www.econbiz.de/10011307887
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm’s and from a macro perspective. Adjustment cost theories and arguments about option values...
Persistent link: https://www.econbiz.de/10010294519
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firms and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10010267397
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm’s and from a macro perspective. Adjustment cost theories and arguments about option values...
Persistent link: https://www.econbiz.de/10009748275
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firms and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10002815677