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Labor market studies on the effects of minimum wages are typically confined to the sector or worker group directly affected. We present a two-sector search model in which one sector is more productive than the other one and thus, pays higher wages. In such a framework, setting a minimum wage in...
Persistent link: https://www.econbiz.de/10010298748
rate is endogenous, the job matching process consists of three rounds. In the first and the second respectively the short … Trennungsrate des Modells ist endogen, der Matching Prozeß umfasst drei Phasen. In der ersten und zweiten suchen jeweils die …
Persistent link: https://www.econbiz.de/10010299229
Primero enseñaremos que la (nueva) curva de Phillips diseñada por la escuela del «Nuevo Keynesianismo» se puede transformar fácilmente en una curva de Phillips «clásica». Teniendo en cuenta el «mismatch» en los mercados laborales, como lo describe la curva de Beveridge y combinando...
Persistent link: https://www.econbiz.de/10010300416
In a New Keynesian DSGE model with labor market frictions and liquidity-constrained consumers aggregate unemployment is likely to increase due to a non-persistent government spending shock. Furthermore, the group of asset-holding households reacts very differently from the group of...
Persistent link: https://www.econbiz.de/10010301351
model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations …
Persistent link: https://www.econbiz.de/10010303900
This paper presents a general-equilibrium model of endogenous skilled-biased technological change and matching …
Persistent link: https://www.econbiz.de/10010305015
Are there negative health effects from losing the job? We analyze the causal effect of job displacement on diabetes incidence and prevalence. Type 2 diabetes is an illness that is directly affected by lifestyle factors and psychosocial stress, and with severe side-effects deteriorating the...
Persistent link: https://www.econbiz.de/10010305930
We analyze the impact of information frictions on workers' wages, contributing to the literature that tested search theory, which has so far focused on labor market frictions in general and not specifically on information asymmetries. Using data for 16 countries from the European Social Survey...
Persistent link: https://www.econbiz.de/10011288204
This paper addresses the large degree of frictional wage dispersion in US data. The standard job matching model without …-the-job search in a stochastic job matching model. Our key result is that the inclusion of variable on-the-job search increases the …
Persistent link: https://www.econbiz.de/10011390647
This paper quantifies the impact of the Hartz reforms on matching efficiency, using monthly SOEP gross worker flows … the outflow rate (job finding) has been steadily increasing. This indicates that matching efficiency has improved … substantially in recent years. Results from an estimated matching function — pointing to efficiency gains of more than 20 …
Persistent link: https://www.econbiz.de/10011390684