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Oligopsony, institutions and the efficiency of general training
Booth, Alison L.; Francesconi, Marco; Gylfi Zoega - 2002
of the returns to general training and be willing to pay for it despite its general nature. However this outcome is not … efficient, in the sense that too few workers are trained and workers who are hired receive too little training. We consider how … different institutions can affect this inefficiency. Industry-level minimum wages can remove the training inefficiency and …
Persistent link: https://www.econbiz.de/10011414246
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Labor productivity growth in EU28 : spatial panel analysis
Olejnik, Alicja; Olejnik, Jakub - 2015
This paper is an attempt to explain variations across EU regions in productivity growth and takes into consideration the important structure of the age-productivity relation of Human Capital. The study is fundamentally based on the theory of Fingleton's model which analyses the spatial process...
Persistent link: https://www.econbiz.de/10011479474
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The Impact of R&D, Government Spending on Education and Trade Unions on Labour Productivity - A Panel Data Econometric Analysis
Georgiou, Miltiades N. - 2012
In the present paper an empirical analysis with a panel data econometric model will point out that R&D, government spending on education as well as trade unions are the most important factors for the labor productivity determination. The sample examined covers many Western European countries....
Persistent link: https://www.econbiz.de/10013112544
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Minimally altruistic wages and unemployment in a matching model
Rotemberg, Julio J. (contributor) - 2007
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10003715729
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Minimally Altruistic Wages and Unemployment in a Matching Model
Rotemberg, Julio J. - 2009
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10014048501
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Wage setting in the Colombian manufacturing industry
Agudelo, Sonia A.; Sala, Hector - 2015
We show that wage setting in the Colombian manufacturing industry is not fundamentally driven by labor productivity in contrast to the standard theoretical prediction. On the contrary, internal institutional arrangements – payroll taxation, the minimum wage or the price wedge between...
Persistent link: https://www.econbiz.de/10010502793
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Job search with bidder memories
Carrillo-Tudela, Carlos; Menzio, Guido; Smith, Eric - 2009
This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can recall previously encountered potential employers in order to engage them in Bertrand bidding have a distinct advantage over workers without such attachments. Firms account for this...
Persistent link: https://www.econbiz.de/10003879353
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Wages and informality in developing countries
Meghir, Costas; Narita, Renata; Robin, Jean-Marc - 2012
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...
Persistent link: https://www.econbiz.de/10009627561
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Wages and Informality in Developing Countries
Meghir, Costas - 2012
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...
Persistent link: https://www.econbiz.de/10013100382
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Wages and Informality in Developing Countries
Meghir, Costas - 2012
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...
Persistent link: https://www.econbiz.de/10013101150