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This paper presents an Agent-Based Model (ABM) that seeks to explain the concordance of sluggish growth of productivity and of real wages found in macro-economic statistics, and the increased dispersion of firm productivity and worker earnings found in micro level statistics in advanced...
Persistent link: https://www.econbiz.de/10012159982
unemployment and the fall of income inequality and poverty. However, even in this positive context the region continues to exhibit …-depth analysis of labor and income inequality dynamics in Latin America in the new millennium. In particular, we seek to identify the …
Persistent link: https://www.econbiz.de/10013084237
This paper surveys the empirical literature on the association between growth on inequality in less developed countries …, with a particular emphasis on labor market inequality. Crosscountry studies failed to find a clear link from growth to … inequality. Country-specific studies that focused on labor market inequality have shown that, with a few exceptions, wage …
Persistent link: https://www.econbiz.de/10011450868
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unemployment rate, using a search and matching model. We incorporate disembodied technological progress and on-the-job search into … growth on unemployment compared to the standard matching model with disembodied technological progress. -- Growth … ; Unemployment ; Search-matching model ; On-the-job search …
Persistent link: https://www.econbiz.de/10003921741
generations model we show that trade unions do worsen economic performance in the sense that we get uemployment, but it is quite … likely that trade unions give rise to a higher growth rate than what would have been the case if the labour market were … ambiguous. One surprising result is that trade unions give rise to an unambiguous decrease in welfare if bargaining is over all …
Persistent link: https://www.econbiz.de/10014075369
unemployment rate, using a search and matching model. We incorporate disembodied technological progress and on-the-job search into … growth on unemployment compared to the standard matching model with disembodied technological progress. …
Persistent link: https://www.econbiz.de/10010332514
We extend the standard quality-ladder model with heterogeneous workers by including efficiency wages and unions. We …
Persistent link: https://www.econbiz.de/10010457726
Persistent link: https://www.econbiz.de/10011645473
Persistent link: https://www.econbiz.de/10011708249