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Labor Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining
Cahuc, Pierre; Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2001
contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … matching model with large firms and diminishing marginal productivity of labor allows us to show that the two limit cases … frequently over-employment compared to the efficient allocation than in the standard search-matching model. …
Persistent link: https://www.econbiz.de/10005703320
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Interpreting European and US Labour Market Differences: The Specificity of Human Capital Investments
Wasmer, Etienne - C.E.P.R. Discussion Papers - 2003
little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
Persistent link: https://www.econbiz.de/10005124257
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Minimally Altruistic Wages and Unemployment in a Matching Model
Rotemberg, Julio - 2009
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10014048501
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Incentives in Competitive Search Equilibrium
Moen, Espen R.; Rosén, Åsa - 2009
rule. The model is used to address the "Shimer puzzle" related to the low volatility of the unemployment rate relative to … unemployment rate to changes in productivity and in particular to changes in the information structure …
Persistent link: https://www.econbiz.de/10014224283
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Minimally altruistic wages and unemployment in a matching model
Rotemberg, Julio (contributor) - 2007
This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...
Persistent link: https://www.econbiz.de/10003715729
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Labor market efficiency, wages and employment when search frictions interact with intrafirm bargaining
Cahuc, Pierre; Wasmer, Etienne - 2001
contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … and always gives rise to over-employment. In this paper, we try to reconcile the approaches. A simple matching model with … employment compared to the efficient allocation than in the standard search-matching model. …
Persistent link: https://www.econbiz.de/10011401500
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What moves the Beveridge curve and the Phillips curve : an agent-based analysis
Chen, Siyan; Desiderio, Saul - 2017
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/10011723850
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What moves the Beveridge curve and the Phillips curve : an agent-based analysis
Chen, Siyan; Desiderio, Saul - 2018
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/10011776979
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Interpreting Europe and Us Labor Markets Differences : The Specificity of Human Capital Investments
Wasmer, Etienne - 2021
little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
Persistent link: https://www.econbiz.de/10013320448
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Interpreting Europe and US labor markets differences : the specificity of human capital investments
Wasmer, Etienne - 2002
Persistent link: https://www.econbiz.de/10013268823