security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations …

, an increase in government wages or benefits reduces private sector employment, and government employment is not an …Government wage, benefit, and employment decisions are not taken on a profit-maximizing basis and have a substantial … impact on aggregate labor market performance and unemployment. In a two-sector labor market model with free mobility of labor …

transitions between the states of nonparticipation, unemployed search, and employment. Motivated by a model of household search … nonparticipation (both out of unemployed search and employment) are positively affected by the husband's income (while no effect is … found for transitions out of nonparticipation). Men seem to move from employment into unemployed search easier the higher is …

As a measure of labor market strength, the raw employment-to-population ratio (EPOP) confounds employment outcomes with … labor supply behavior. Movement in the EPOP depends on the relative movements of the employment rate (one minus the … unemployment rate) and the labor force participation rate. This paper proposes an adjustment to the calculation of the EPOP using …

As a measure of labor market strength, the raw employment-to-population ratio (EPOP) confounds employment outcomes with … labor supply behavior. Movement in the EPOP depends on the relative movements of the employment rate (one minus the … unemployment rate) and the labor force participation rate. This paper proposes an adjustment to the calculation of the EPOP using …

establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are … procyclical, there is a large fraction of establishments with countercyclical real wages. We are the first to show that …

the responses of wages, inflation and employment … vs. sticky wages, interactions at the firm level between price and wage-setting, alternative forms of hiring frictions … small a response on the employment margin. The other model variants fit employment dynamics better, but then imply too …

labour, an increase in government wages or benefits reduces private sector employment, and government employment is not an …Government wage, benefit, and employment decisions are not taken on a profit-maximizing basis, and have a substantial … impact on aggregate labour market performance and unemployment. In a two-sector labour market model with free mobility of …