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Trends in worker displacement penalties in Japan: 1991–2005
Bognanno, Michael; Kambayashi, Ryo - In: Japan and the World Economy 27 (2013) C, pp. 41-57
We examine the period from 1991 to 2005 to document the effects of a changing Japanese labor market on the consequences of job change for workers, focusing on the change in the wages between initial and subsequent employment. During this period, job changes caused by separations from the initial...
Persistent link: https://www.econbiz.de/10010682526
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The idiosyncratic impact of an aggregate shock : the distributional consequences of COVID-19
Benzeval, Michaela; Burton, Jonathan; Crossley, Thomas F.; … - 2020
Using new data from the Understanding Society: COVID 19 survey collected in April 2020, we show how the aggregate shock caused by the pandemic affects individuals across the distribution. The survey collects data from existing members of the Under-standing Society panel survey who have been...
Persistent link: https://www.econbiz.de/10012226071
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Employment dynamics in a signaling model with workers' incentives
Weingarden, Alison - 2016
Many firms adjust employment in a "lumpy" manner -- infrequently and in large bursts. In this paper, I show that lumpy adjustments can arise from concerns about the incentives of remaining workers. Specifically, I develop a model in which a firm's productivity depends on its workers' effort and...
Persistent link: https://www.econbiz.de/10011709242
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Moral Hazard and Unemployment in Competitive Equilibrium
Rey, Patrick; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024
Principal-agent models take outside options, determining participation and incentive constraints, as given. We construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit are instead determined endogenously. We simultaneously...
Persistent link: https://www.econbiz.de/10014635663
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Supervision and Effort in an Intertemporal Efficiency Wage Model: The Role of the Solow Condition
Faria, João Ricardo - 1998
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 outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10010443316
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Supervision and effort in an intertemporal efficiency wage model : the role of the Solow condition
Faria, João Ricardo - 1998
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 outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10011529959
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The Beveridge curve and labour market flows : a reinterpretation
Gottfries, Nils; Stadin, Karolina - 2019
According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high unemployment makes it easier to fill vacancies....
Persistent link: https://www.econbiz.de/10012026458
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Supervision and Effort in an Intertemporal Efficiency Wage Model: The Role of the Solow Condition
Faria, Joao Ricardo - School of Economics, University of Kent - 1998
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 outcome when managerial productivity offsets shirking and turnover …
Persistent link: https://www.econbiz.de/10005763212
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Technological unemployment revisited : automation in a searchand matching framework
Cords, Dario; Prettner, Klaus - 2018
Will low-skilled workers be replaced by automation? To answer this question, we set up a search and matching model that features two skill types of workers and includes automation capital as an additional production factor. Automation capital is a perfect substitute for low-skilled workers and...
Persistent link: https://www.econbiz.de/10011907098
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Inequality in the impact of the coronavirus shock : evidence from real time surveys
Adams-Prassl, Abi; Boneva, Teodora; Golin, Marta; Rauh, … - 2020
We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...
Persistent link: https://www.econbiz.de/10012207117