A labor matching model with nominal rigidities can match short-run movements in labor's share with some success. However, it cannot explain much of the behavior of employment, vacancies, and job flows in postwar US data without resorting to additional shocks beyond monetary policy and...

Die Autorin behandelt die allokativen Wirkungen des Kündigungsschutzes und der Regelungen temporärer Arbeitsverträge auf die Höhe und Dauer der Arbeitslosigkeit und den Jobturnover. Elke Jahn zeigt, daß sich die vor allem vom kontinentalen Arbeitsrecht vertretene These, der...

Consider a labour market with heterogeneous workers. Firms recruit workers by fixing a hiring standard and a wage offer simultaneously. A more demanding hiring standard necessitates a better wage offer in order to attract enough qualified applicants. As a result, an efficiency wage effect is...