Showing 111 - 120 of 64,367
In this paper I explore optimal employment contract design in a random search framework, where workers search on and off the job for employment opportunities similar to that of Lentz (2010) and Bagger and Lentz (2013). The worker determines the frequency by which employment opportunities arrive...
Persistent link: https://www.econbiz.de/10010796538
One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...
Persistent link: https://www.econbiz.de/10010983862
The effect of federal government revenue reform of 2013 in the real income of Mexican workers is quantified. Regard is taken of the wage clause of the collective contract of the Union of Workers of UNAM, in view of the leadership of such an institution in the decisions making of other...
Persistent link: https://www.econbiz.de/10010991620
The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment determined as equilibrium phenomena? What...
Persistent link: https://www.econbiz.de/10011071476
This Paper provides an overview of the magnitude of sectoral wage differentials in the euro area as a whole. Even when adjusting for structural sectoral features such as the skill structure or the proportion of part-timers, average wage levels in services are substantially lower than in...
Persistent link: https://www.econbiz.de/10011606176
To explain potential sources of wage rigidity this article analyzes a model of reciprocal kindness applied to a repeated ultimatum game with changing and nonzero conflict payoffs. The model is also tested in a laboratory experiment. The results are compatible with the rentsharing approach to...
Persistent link: https://www.econbiz.de/10005765137
En este trabajo se analizan los diferenciales salariales intersectoriales en la industria, que son persistentes en el tiempo y no atribuibles exclusivamente a diferenciales en habilidades o condiciones laborales, como evidencia de la formación no competitiva de los salarios. En esta dirección...
Persistent link: https://www.econbiz.de/10004998756
We present a competing-auction theory of the labor market, where job candidates auction their labor services to employers. An equilibrium matching function emerges which has many of the features commonly assumed, including constant returns to scale in large economies. The auction mechanism also...
Persistent link: https://www.econbiz.de/10005085581
We examine the effects of public policy parameters in a simple directed search model of the labour market, and contrast them with those in standard random matching models with Nash bargaining. Both finite and limit versions of the directed search model are considered, and the value of the limit...
Persistent link: https://www.econbiz.de/10005587680
This paper analyses the emergence of the informal economy in the environment characterised by non-competitive labour markets with wage bargaining. We develop a simple extension of the standard search model à la Pissarides (2000) with formal and informal sectors to show how a government’s...
Persistent link: https://www.econbiz.de/10005677515