We consider a labour market model of oligopsonistic wage competition and show that there is a holdup problem although workers do not have any bargaining power. When a firm invests more, it pays a higher wage in order to attract workers from competitors. Because workers participate in the returns...

Ob die Marktform des Monopsons am Arbeitsmarkt vorliegt, ist fur die Frage des Für oder Wider des Mindestlohns von essentieller Bedeutung. Denn in der kurzfristigen Analyse kann, insofern monopsonistische beziehungsweise oligopsonistische Strukturen am Arbeitsmarkt nachgewiesen werden, die...

This paper discusses the underpinnings of the financial crisis of the last decade in post-transition countries. It explores the endogenous reasons of this crisis, and in particular a possible link between delayed and unequal growth of household incomes on the one hand and the instability of the...

I use a structural matching model, North Carolina public school data, and a survey of teachers' career plans to analyze schools' and teachers' behaviors in the teacher transfer market. Results show that mid-career teachers with better pre-service qualifications are the most eager to search,...

Massive job losses in the United States, over eight million since the onset of the “Great Recession,” call for job creation measures through fiscal expansion. In this paper we analyze the job creation potential of social service-delivery sectors - early childhood development and home-based...

Limited availability of workfare programs and unemployment insurance and a large informal sector are features of the Argentine labor market at the outset of the 2001 economic crisis. This paper tests the hypothesis whether informal work is an alternative to workfare participation before a...

This paper proposes that reforms by vote-seeking governments and the existence of reform-adverse voters are logically compatible. This results from a commitment problem on the part of voters. Due to economic voting voters cannot credibly commit to reelect a non-reforming government during a...

Within an efficiency wage framework, we study the effects of two revenue-neutral tax reforms that change the progressivity of the labour tax system. A revenue-neutral increase in both the wage tax and tax exemption and a revenue-neutral change in the composition of labour taxation towards the...

Minimum wage policy is regarded as an essential policy tool for improving the welfare of low-paid workers and reducing working poverty and inequality within the labour market. The Government of India recently undertook reforms in the country's wage policy and enacted the Code on Wages in August...

Labor markets in low- and middle income countries are characterized by high levels of informality. A multitude of interventions have therefore been implemented in many countries with the objective to increase the formalization of firms and workers, including information campaigns, simplification...