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Unemployment invariance
Karanassou, Marika; Snower, Dennis J. - 2002
This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10011412072
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The effect of payroll taxes on employment and wages under high labor informality
Antón Sarabia, Arturo - In: IZA journal of labor & development 3 (2014), pp. 1-23
This paper evaluates the effects of a fall in payroll taxes on employment and wages in the presence of high labor … formality. The model suggests that the reform would increase total employment by between 0.3 to 0.5 percent and formal … employment by between 3.4 to 3.7 percent over the pre-reform scenario. In addition, formal wage rates would increase by 4 …
Persistent link: https://www.econbiz.de/10010466461
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Dualism, exchange rate, and employment : a structuralist model
Basu, Moumita; Nag, Ranjanendra Narayan - In: Indian economic review : official journal of Delhi … 53 (2018) 1/2, pp. 287-310
Persistent link: https://www.econbiz.de/10012225834
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Spatial aggregation bias in wage curve and NAWRU estimation
Persyn, Damiaan - 2020
I argue in this paper that the estimation of wage curves and NAWRUs at the country level suffers from spatial aggregation bias. Using European data for the years 2000-2017, I find steeper country level wage curves and higher NAWRUs, compared to estimating at the underlying regional level. The...
Persistent link: https://www.econbiz.de/10012206752
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New Financial Development Indicators : With a Critical Contribution to Inequality Empirics
Asongu, Simplice - 2015
The employment of financial development indicators without due consideration to country/regional specific financial …
Persistent link: https://www.econbiz.de/10013032545
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Equilibrium wage arrears : a theoretical and empirical analysis of institutional lock-in
Earle, John S.; Sabirianova Peter, Klara - 2000
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10011339102
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Complementarity and custom in wage contract violation
Earle, John S. (contributor);  … - 2006
We analyze a model of wage delay in which strategic complementarity arises because each employer’s costs of violating its contracts decrease with the arrears in its labor market. The model is estimated on panel data for workers and firms in Russia, facilitating identification through fixed...
Persistent link: https://www.econbiz.de/10003427035
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Is the Wage Curve Formal or Informal? Evidence for Columbia
Ramos, Raul - 2009
The objective of this paper is to analyse the existence or not of a wage curve in Colombia, paying special attention to the differences between formal and informal workers, an issue that has been systematically ignored in the wage curve literature. The obtained results using microdata from the...
Persistent link: https://www.econbiz.de/10013155710
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Who works for whom? : worker sorting in a model of entrepreneurship with heterogeneous labor markets
Dinlersoz, Emin Murat; Hyatt, Henry R.; Janicki, Hubert P. - 2016
Young and small firms are typically matched with younger and nonemployed individuals, and they provide these workers with lower earnings compared to other firms. To explore the mechanisms behind these facts, a dynamic model of entrepreneurship is introduced, where individuals can choose not to...
Persistent link: https://www.econbiz.de/10011450865
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Firm productivity, heterogeneity and macroeconomic dynamics : a data-driven investigation
Constantinescu, Mihnea; Proškutė, Aurelija - In: Baltic journal of economics 19 (2019) 2, pp. 216-247
the associated employment creation and destruction across firm sizes, industry classification and trade status (exporting …
Persistent link: https://www.econbiz.de/10012123349