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proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment …
Persistent link: https://www.econbiz.de/10011401048
This paper investigates the consequences of skill loss as a result of unemployment in an efficiency wage model with …, this will result in a lengthy adjustment process with substantial long run unemployment effects. Moreover, the model is …
Persistent link: https://www.econbiz.de/10011573469
. Both marginal tax rates are of ambiguous sign. The tax systems' effects on the wage formation and the unemployment rates …
Persistent link: https://www.econbiz.de/10011588141
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
Unemployment benefits, benefit duration, base period and qualifying period are constituent parameters of the … unemployment insurance system in most OECD countries. From economic research we know that the amount and duration of unemployment … benefits increase unemployment. To analyze the effects of the other two parameters we use a matching model with search …
Persistent link: https://www.econbiz.de/10003328067
insiders to firing restrictions does not necessarily worsen unemployment. In fact, it may be the willingness of a majority of … unemployment and deteriorates efficiency. Moreover, we argue, that the concentration of firm ownership is likely to influence labor …
Persistent link: https://www.econbiz.de/10011391776
We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that … exercises suggest that redundancy transfers and administrative dismissal restrictions have negligeable unemployment effects when … wages are flexible or when the minimum wage is low, but a dramatic positive impact on unemployment when there is a high …
Persistent link: https://www.econbiz.de/10011318147
high severance payments are likely to decrease unemployment but systematically decrease welfare and raise inequality …
Persistent link: https://www.econbiz.de/10011318608
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...
Persistent link: https://www.econbiz.de/10011529959
costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …
Persistent link: https://www.econbiz.de/10011412195