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How important is imperfect competition in the product market for employment dynamics? To investigate this, we formulate a theoretical model of employment adjustment with imperfect competition in the product market, search frictions, and convex adjustment costs. From this model, we derive a...
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In this paper, I argue that there is an inefficiently high number of job creators in a model with labour market imperfections and an endogenous decision to become a job creator. I therefore augment the standard labour matching model developed by Mortensen and Pissarides by an endogenous job...
Persistent link: https://www.econbiz.de/10012533158
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culture are willing to vote for free migration whereas those who have higher learning costs will be in favor of immigration …
Persistent link: https://www.econbiz.de/10010294351
This paper examines the effect of immigration on the level of income redistribution via majority voting on the income …
Persistent link: https://www.econbiz.de/10010294599
Sectoral labor supply shortage is a cause of concern in many OECD countries and has raised support for immigration as a … compensating wage differential for working in one sector rather than in another. We identify price and wage effects of immigration … majority vote on immigration into a given sector as well as the social optimum. The main findings are that i) the old determine …
Persistent link: https://www.econbiz.de/10010294883
We examine how labor immigration affects public pensions under centralized wage setting. We show that immigration …
Persistent link: https://www.econbiz.de/10010296811
This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an … unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on …
Persistent link: https://www.econbiz.de/10010296828