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Supervision and effort in an intertemporal efficiency wage model : the role of the Solow condition
Faria, João Ricardo - 1998
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
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The Frisch Elasticity in Labor Markets with High Job Turnover
Céspedes Reynaga, Nikita - 2012
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
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Theoretical and Empirical Framework of Measuring Mismatch on a Labour Market
Obadic, Alka - 2013
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
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How cyclical is the user cost of labor?
Kudlyak, Marianna - 2024
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
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Does Poaching Distort Training?
Moen, Espen R.; Rosen, Asa - 2004
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
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Chapter 18 Job reallocation, employment fluctuations and unemployment
Mortensen, Dale T.; Pissarides, Christopher A. - In: Handbook of macroeconomics : volume 1, part B, (pp. 1171-1228). 1999
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
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Employment Effects of Restricting Fixed-Term Contracts : Theory and Evidence
Cahuc, Pierre; Carry, Pauline; Malherbet, Franck; … - 2022
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
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Unobserved bilateral search on the labor market : a theory-based correction for a common flaw in empirical matching studies
Sunde, Uwe - 2002
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
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Regional investment under uncertain costs of location
Broll, Udo; Roldán-Ponce, Antonio; Wahl, Jack E. - 2012
upon the firms' risk preferences. As a result regional agglomeration of investments may occur although the objective of the … ; regional policy ; agglomeration ; two-moment decision model …
Persistent link: https://www.econbiz.de/10009512741
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Social Networks and Exchange : Self-Confirming Dynamics in Hollywood
Sorenson, Olav; Waguespack, David - 2005
Studies have consistently found that social structure influences who transacts with whom, and that actors appear to benefit when exchange occurs embedded within these relations rather than in an unstructured market. This paper argues that the apparent benefits of embedded exchange can arise from...
Persistent link: https://www.econbiz.de/10014029618