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How much do Workers Search?
Yan, Ping - In: Annals of Economics and Finance 14 (2013) 1, pp. 249-276
In this paper, I consider four determinants of wages: productivity, workers' bargaining power, competition between … set wages. Using a Nash bargaining model with on-the-job search and wage renegotiation, I quantify the search intensity of …
Persistent link: https://www.econbiz.de/10011269020
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Internal Labour Markets in Australia:Evidence from the Survey of Education and Training Experience
Dobbie, Michael; MacMillan, Craig - In: Australian Journal of Labour Economics (AJLE) 13 (2010) 2, pp. 137-154
In recent years there has been important debate on the changing nature of the employment relationship, with some scholars claiming a significant weakening of the bond between employers and employees. An associated implication is that internal labour markets (ILMs) are becoming less prevalent in...
Persistent link: https://www.econbiz.de/10008756136
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Wage bargaining or wage posting? Evidence from the employers' side
Brenzel, Hanna; Gartner, Hermann; Schnabel, Claus - In: Labour Economics 29 (2014) C, pp. 41-48
collective bargaining agreements, and in jobs involving part-time and fixed-term contracts. Job seekers who are unemployed, out …Using a representative establishment dataset, this paper is the first to analyze the incidence of wage bargaining and … German labor market, with more than one-third of hirings being characterized by individual wage negotiations. Wage bargaining …
Persistent link: https://www.econbiz.de/10010931243
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THE WAGE CURVE RECONSIDERED: IS IT TRULY AN 'EMPIRICAL LAW OF ECONOMICS'?
FINGLETON, Bernard; PALOMBI, Silvia - In: Region et Developpement 38 (2013), pp. 49-92
The negative relationship between wages and unemployment, embodied within the so-called wage curve, has an extensive literature and has been referred to as ‘an empirical law of economics’. However there are newer alternative theories that seek to explain the variation in wages without...
Persistent link: https://www.econbiz.de/10010883864
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Why do wages become more rigid during a recession than during a boom?
Yokoyama, Izumi - In: IZA Journal of Labor Economics 3 (2014), pp. 1-23
This paper provides a theoretical and empirical analysis of the effect of performance-based layoffs on wage rigidity in the context of performance pay. In the model, it becomes optimal for firms to raise future regular pay to maintain workers' current efforts, which results in downwardly rigid...
Persistent link: https://www.econbiz.de/10011603322
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Optimal combination of wage cuts and layoffs-the unexpected side effect of a performance-based payment system
Yokoyama, Izumi; Obara, Takuya - In: IZA Journal of Labor Policy 6 (2017) 14, pp. 1-15
This study analyzes the trade-off relationship between layoffs and wage cuts. If the introduction of a performance-based payment system stimulates workers' pecuniarymotivated minds, their morale can be damaged more severely by wage cuts than prior to the introduction thereof. Utilizing this...
Persistent link: https://www.econbiz.de/10011986206
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What moves the Beveridge curve and the Phillips curve: An agent-based analysis
Chen, Siyan; Desiderio, Saul - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-2, pp. 1-30
Understanding what moves the Phillips curve is important to monetary policy. Because the Phillips curve has experienced over time movements similar to those characterizing the Beveridge curve, the authors jointly analyze the two phenomena. They do that through an agent-based macro model based on...
Persistent link: https://www.econbiz.de/10011777494
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Why do wages become more rigid during a recession than during a boom?
Yokoyama, Izumi - In: IZA Journal of Labor Economics 3 (2014), pp. 1-23
This paper provides a theoretical and empirical analysis of the effect of performance-based layoffs on wage rigidity in the context of performance pay. In the model, it becomes optimal for firms to raise future regular pay to maintain workers' current efforts, which results in downwardly rigid...
Persistent link: https://www.econbiz.de/10010463701
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Optimal combination of wage cuts and layoffs-the unexpected side effect of a performance-based payment system
Yokoyama, Izumi; Obara, Takuya - In: IZA journal of labor policy 6 (2017) 14, pp. 1-15
This study analyzes the trade-off relationship between layoffs and wage cuts. If the introduction of a performance-based payment system stimulates workers’ pecuniarymotivated minds, their morale can be damaged more severely by wage cuts than prior to the introduction thereof. Utilizing this...
Persistent link: https://www.econbiz.de/10011820621
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Labour market institutions and amplification of employment fluctuations
Matsue, Toyoki - In: Central European economic journal 6 (2019) 53, pp. 164-173
important features of the reforms are the reduction in adjustment costs and the introduction of fixed-term contracts (FTC). Some …
Persistent link: https://www.econbiz.de/10012303137