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Uncertainty and the Politics of Employment Protection
Vindigni, Andrea - 2021
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10013325149
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Uncertainty, Wage Setting and Decision Making in a Monetary Union
Hefeker, Carsten - 2021
The enlargement of the European Monetary Union is likely to lead to an increase in uncertainty regarding the transmission of monetary policy for the larger union. Adding new members to the central bank council will in addition imply that the policy reaction of the enlarged council will be...
Persistent link: https://www.econbiz.de/10013319301
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Uncertainty, wage setting and decision making in a monetary union
Hefeker, Carsten - 2004
Persistent link: https://www.econbiz.de/10013430594
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The provision of wage insurance by the firm : evidence from a longitudinal matched employer-employee dataset
Cardoso, Ana Rute (contributor); Portela, Miguel (contributor) - 2005
"We evaluate the impact of product market uncertainty on workers wages, addressing the questions: To what extent do firms provide insurance to their workforce, insulating their wages from shocks in product markets? How does the amount of insurance provided vary with firm and worker attributes?...
Persistent link: https://www.econbiz.de/10003212064
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On-the-job search and optimal schooling under uncertainty and irreversibility
Zaharieva, Anna - 2013
This paper develops a labour market model with on-the-job search, match-specific productivity draws and an endogenous …
Persistent link: https://www.econbiz.de/10010206180
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Banking on snow : bank capital, risk, and employment
Baumgartner, Simon; Stomper, Alex; Schober, Thomas; … - 2022
How does small-firm employment respond to exogenous labor productivity risk? We find that this depends on the capitalization of firms' local banks. The evidence comes from firms offering (quasi-) fixed employment to workers whose productivity depends on the weather. Weather risk reduces this...
Persistent link: https://www.econbiz.de/10013358738
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Intra-household risk sharing and job search over the business cycle
Wang, Haomin - 2018
rate. For this purpose, I provide a dynamic life-cycle model of households that make joint savings and job search decisions …, which leads to counter-cyclical search intensity because workers increase search intensity when their spouse becomes … unemployed. The second is the comparative advantage effect, according to which couples’ job search efforts are coordinated based …
Persistent link: https://www.econbiz.de/10011900736
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Enterprise Formation and Labor Market Institutions
Kanniainen, Vesa; Vesala, Timo - 2021
The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...
Persistent link: https://www.econbiz.de/10013321174
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Technology transfers for climate change
Elsayyad, May; Morath, Florian - 2013
This paper considers investments in cost-reducing technology in the context of contributions to climate protection. Contributions to mitigating climate change are analyzed in a two-period model where later contributions can be based on better information, but delaying the contribution to the...
Persistent link: https://www.econbiz.de/10010223047
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Uncertainty and wage setting in a monetary union
Hefeker, Carsten - In: The Manchester School 76 (2008) 4, pp. 391-404
Persistent link: https://www.econbiz.de/10003740946