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The role of debt in aggregate demand
Xing, Xiaoyun; Xiong, Wanting; Guo, Jinzhong; Wang, Yougui - In: Finance research letters 39 (2021), pp. 1-7
Persistent link: https://www.econbiz.de/10012805471
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Time-inconsistency and expansionary business cycle theories : What does matter for the central bank independence-inflation relationship?
Ftiti, Zied; Aguir, Abdelkader; Smid, Mounir - In: Economic modelling 67 (2017), pp. 215-227
Persistent link: https://www.econbiz.de/10011813814
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A Product Market Theory of Worker Training
Gersbach, Hans; Schutzler, Armin - 2001
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others? trained employees and finally engage in imperfect product market...
Persistent link: https://www.econbiz.de/10010262533
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Two-Sided Learning, Labor Turnover and Worker Displacement
Pfann, Gerard A.; Hamermesh, Daniel S. - 2001
We construct a general dynamic structural model of two-sided learning between a firm and its workers. We estimate an empirical version of the model using personnel data from Fokker Aircraft that cover the path of layoffs and quits through its bankruptcy. We find that the firm learns about its...
Persistent link: https://www.econbiz.de/10010274098
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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/10010443316
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A product market theory of worker training
Gersbach, Hans; Schmutzler, Armin - 2003
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others' trained employees and finally engage in imperfect product market...
Persistent link: https://www.econbiz.de/10010315501
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Globalization and general worker training
Gersbach, Hans; Schmutzler, Armin - 2004
We examine how globalization affects firms incentives to train workers. In our model, firms invest in productivity-enhancing worker training before Cournot competition takes place. When two separated product markets become integrated and are thus replaced with a market with greater demand and...
Persistent link: https://www.econbiz.de/10010315570
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Search capital
Carrillo-Tudela, Carlos; Smith, Eric - 2012
We construct a simple equilibrium search model in which workers accumulate information about previously met employment contacts. We term the latter search capital. Here search capital (partially) insures workers against adverse shocks. The model provides a theory of job-to-job transitions that...
Persistent link: https://www.econbiz.de/10010280970
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Search capital
Carrillo-Tudela, Carlos; Smith, Eric - 2012
We construct a simple equilibrium search model in which workers accumulate information about previously met employment contacts. We term the latter search capital. Here search capital (partially) insures workers against adverse shocks. The model provides a theory of job-to-job transitions that...
Persistent link: https://www.econbiz.de/10010282515
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Job mobility, wage dispersion, and technological change : an asymmetric information perspective
Li, Jin - In: European economic review : EER 60 (2013), pp. 105-126
Persistent link: https://www.econbiz.de/10009762405