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participation and employment). In contrast, there are important effects at the intensive margin: a 10 percentile higher ICT skills … index increases the probability of salaried employment by 6.5 percentage points, and leads to a 9.5 percent higher per … capita expenditure. Employment transitions happen from daily wage employment and self-employment to salaried employment. The …
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In recent decades most developed countries have experienced an increase in income inequality. In this paper, we use an equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of the model is that it can accommodate shocks to...
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penalty associated with non-compliance. Workers may enter self-employment or search for jobs as employees. Workers with higher … managerial skills will run larger firms while workers with lower will manage smaller firms and will be in self-employment only … when they cannot find a salary job. For these workers self-employment is a secondary/informal form of employment. The …
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We develop a model where workers may enter self-employment or search for jobs as employees and where there is … managerial ability will run smaller firms and will be in self-employment only when they cannot find a salaried job. For these … workers self-employment is a secondary/informal form of employment. The Burdett and Mortensen (1998) equilibrium search model …
Persistent link: https://www.econbiz.de/10009733108
We develop a model where workers may enter self-employment or search for jobs as employees and where there is … managerial ability will run smaller firms and will be in self-employment only when they cannot find a salaried job. For these … workers self-employment is a secondary/informal form of employment. The Burdett and Mortensen (1998) equilibrium search model …
Persistent link: https://www.econbiz.de/10010196921
We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry of vacancies and on-the-job search. The decentralized economy with monopsonistic wage setting yields too many vacancies and hence too low unemployment compared to first best....
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