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Bargaining and wage rigidity in a matching model for the US
Malcomson, James M.; Mavroeidis, Sophocles - 2015
The Mortensen and Pissarides (1994) matching model with all wages negotiated each period is shown inconsistent with macroeconomic wage dynamics in the US. This applies even when heterogeneous match productivities, time to build vacancies and credible bargaining are incorporated. Wage rigidity...
Persistent link: https://www.econbiz.de/10010472486
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Nonprofit sector and part-time work : an analysis of employer-employee matched data of child care workers
Mocan, Naci; Tekin, Erdal - 2001
This paper uses a rich employer-employee matched data set to investigate the existence and the extent of nonprofit and part-time wage and compensation differentials in child care. The empirical strategy adjusts for workers' self-selection into the for-profit or nonprofit sectors, into full-time...
Persistent link: https://www.econbiz.de/10011405692
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Sustainable social security : four options
Kitao, Sagiri - 2011
This paper presents four policy options to make Social Security sustainable under the coming demographic shift: 1) increase payroll taxes by 6 percentage points, 2) reduce the replacement rates of the benefit formula by one-third, 3) raise the normal retirement age from sixty-six to...
Persistent link: https://www.econbiz.de/10009266746
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Monopsony in the U.S. labor market
Yeh, Chen; Macaluso, Claudia; Hershbein, Brad - 2022
This paper quantifies the extent to which the U.S. manufacturing labor market is characterized by employer market power and how such market power has changed over time. We find that the vast majority of U.S. manufacturing plants operate in a monopsonistic environment and, at least since the...
Persistent link: https://www.econbiz.de/10013162115
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Seeking Success in Canada and the United States : The Determinants of Labour Market Outcomes Among the Children of Immigrants
Picot, Garnett; Hou, Feng - 2012
This paper reviews recent research on the determinants of the labour market outcomes of the children of immigrants in Canada and in the U.S. New research on labour market outcomes in Canada is also presented. In the aggregate, and with no controls, the labour market outcomes of the second...
Persistent link: https://www.econbiz.de/10014172076
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Monopsony in the U.S. Labor Market
Yeh, Chen; Macaluso, Claudia; Hershbein, Brad - 2022
This paper quantifies the extent to which the U.S. manufacturing labor market is characterized by employer market power and how such market power has changed over time. We find that the vast majority of U.S. manufacturing plants operate in a monopsonistic environment and, at least since the...
Persistent link: https://www.econbiz.de/10013295386
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Measuring Temporary Labor Outsourcing in U.S. Manufacturing
Estevão, Marcello M.; Lach, Saul - 2000
Several analysts claim that firms have been using more flexible work arrangements in order to contain the costly adjustment of labor to changes in economic conditions. In particular, temporary help supply (THS) employment has increased dramatically in the last ten years. However, there is only...
Persistent link: https://www.econbiz.de/10014170061
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European vs. American hours worked : assessing the role of the extensive and intensive margins
Langot, François (contributor);  … - 2008
Europeans have worked less than Americans since the 1970s. In this paper, we quantify the relative importance of the extensive and intensive margins of aggregate hours of market work on the observed differences. Our counterfactual exercises show that the two dimensions of the extensive margin,...
Persistent link: https://www.econbiz.de/10003778864
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Foreclosure Delay and U.S. Unemployment
Ohanian, Lee E. - 2012
extra source of "informal" unemployment insurance during the 2007 recession and the subsequent recovery. In a dynamic model … conservative parameterization, we find that the observed foreclosure delays increase the unemployment rate by an additional 1 … mortgage as “informal" unemployment insurance borrow at a real rate of at least 18% …
Persistent link: https://www.econbiz.de/10013104690
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A reappraisal of the inflation-unemployment tradeoff
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10011414902