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Structural and Cyclical Unemployment: What Can Be Derived from the Matching Function? (in English)
Galušèák, Kamil; Münich, Daniel - In: Czech Journal of Economics and Finance (Finance a uver) 57 (2007) 3-4, pp. 102-125
We explain movements in the U-V (unemployment and vacancy) space – that is, the relation-ship between stocks of unemployment and job vacancies, known as the Beveridge curve – in the Czech Republic during 1995–2004. While the Beveridge curve is described by labor-market stocks, we explain...
Persistent link: https://www.econbiz.de/10005536975
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Active and Passive Policies Against Poverty with Decreasing Employability
RICHIARDI, Matteo; CONTINI, Dalit - In: Rivista Italiana degli Economisti 13 (2008) 2, pp. 245-272
In this paper we propose a dynamic partial equilibrium model in order to explain the search behaviour of low … react to a reduction in their current search effectiveness by decreasing their search efforts, and react to an expected … future reduction in search effectiveness by increasing their present search efforts, to exploit the most our of good times …
Persistent link: https://www.econbiz.de/10008629650
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Training, Mobility, and Wages: Specific Versus General Human Capital
Garloff, Alfred; Kuckulenz, Anja - In: Journal of Economics and Statistics (Jahrbuecher fuer … 226 (2006) 1, pp. 55-81
This paper considers training, mobility decisions and wages together to test for the specificity of human capital contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages in two ways. First, we examine the correlation between training...
Persistent link: https://www.econbiz.de/10005272953
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An Equilibrium Search Model with Optimal Wage-Experience Contracts
Carrillo-Tudela, Carlos - In: Review of Economic Dynamics 12 (2009) 1, pp. 108-128
The objective of this paper is to study equilibrium in a labour market, in which workers search on the job and firms … arise purely from firms' optimal response to labour market competition brought about by workers' on-the-job search. We …
Persistent link: https://www.econbiz.de/10005085583
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The Welfare Effects of Mobility Restrictions
Jeong, Byeongju - In: Review of Economic Dynamics 6 (2003) 3, pp. 685-696
Mobility restrictions (e.g., severance payment, life-long tenure, and divorce ban) are widely observed. I present a partnership model that highlights the 'break-up externality' (i.e., the negative effect of a person's break-up decision on his current partner). Under this externality, there is...
Persistent link: https://www.econbiz.de/10005085585
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Search, Concave Production, and Optimal Firm Size
Smith, Eric - In: Review of Economic Dynamics 2 (1999) 2, pp. 456-471
This paper demonstrates that in a free entry search and bargaining economy with concave production firms over …
Persistent link: https://www.econbiz.de/10005027380
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Catching Up with the Economy
Fogel, Robert W. - In: American Economic Review 89 (1999) 1, pp. 1-21
Persistent link: https://www.econbiz.de/10005820603
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Group Reputations, Stereotypes, and Cooperation in a Repeated Labor Market
Healy, Paul J. - In: American Economic Review 97 (2007) 5, pp. 1751-1773
Reputation effects and other-regarding preferences have both been used to predict cooperative outcomes in markets with inefficient equilibria. Existing reputation-building models require either infinite time horizons or publicly observed identities, but cooperative outcomes have been observed in...
Persistent link: https://www.econbiz.de/10005821490
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Does labor contract completeness drive unionization? Experimental evidence
Flynn, Sean Masaki; Donnelly, Michael - In: Journal of Behavioral and Experimental Economics … 41 (2012) 4, pp. 445-454
Flynn (2005) proposes that the degree to which labor contracts are complete may be a major driving force behind the propensity of employees to unionize. We find behavior consistent with this hypothesis in an experimental production game in which subjects are assigned to playing either employers...
Persistent link: https://www.econbiz.de/10010597547
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Bonus Payments versus Efficiency Wages in the Repeated Principal-Agent Model with Subjective Evaluations
Maestri, Lucas - In: American Economic Journal: Microeconomics 4 (2012) 3, pp. 34-56
We study an infinitely repeated principal-agent model with subjective evaluations. We compare the surplus in efficiency-wage equilibria and in bonus-payments equilibria. The agent receives a constant wage and is motivated by the threat of dismissal in efficiency-wage equilibria. The agent...
Persistent link: https://www.econbiz.de/10010599075