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On the distributional effects of minimum wages : a note

Sell, Friedrich L.; Öllinger, Michael - 2017

In this note, we recall that unions traditionally pursue a policy of pushing higher average wages and, at the same time, for a compression of the structure of wages and salaries, which is some sort of equity. Given the precipitous fall of union density in many, if not all, OECD countries, the...

Persistent link: https://www.econbiz.de/10011704222

Spatial aggregation bias in wage curve and NAWRU estimation

Persyn, Damiaan - 2020

I argue in this paper that the estimation of wage curves and NAWRUs at the country level suffers from spatial aggregation bias. Using European data for the years 2000-2017, I find steeper country level wage curves and higher NAWRUs, compared to estimating at the underlying regional level. The...

Persistent link: https://www.econbiz.de/10012206752

Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?

Vasilev, Aleksandar - 2018

We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as documented in Lozev, Vladova, and Paskaleva (2011) and...

Persistent link: https://www.econbiz.de/10011974105

How cyclical is the user cost of labor?

Kudlyak, Marianna - 2024

In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...

Persistent link: https://www.econbiz.de/10014507553

Does Poaching Distort Training?

Moen, Espen R.; Rosen, Asa - 2004

We analyse the efficiency of the labour market outcome in a competitive search equilibrium model with endogenous turnover and endogenous general human capital formation. We show that search frictions do not distort training decisions if firms and their employees are able to coordinate...

Persistent link: https://www.econbiz.de/10014109456

Chapter 18 Job reallocation, employment fluctuations and unemployment

Mortensen, Dale T.; Pissarides, Christopher A. - In: Handbook of macroeconomics : volume 1, part B, (pp. 1171-1228). 1999

The purpose of this chapter is twofold. First, it reviews the model of search and matching equilibrium and derives the … to the explanation of differences in unemployment rates in industrialized countries. The search and matching model is … built on the assumptions of a time-consuming matching technology that determines the rate of job creation given the …

Persistent link: https://www.econbiz.de/10014024227

Employment Effects of Restricting Fixed-Term Contracts : Theory and Evidence

Cahuc, Pierre; Carry, Pauline; Malherbet, Franck; … - 2022

directed search and matching model with endogenous number of establishments and jobs. We find spillover effects that induce …

Persistent link: https://www.econbiz.de/10014083926

Why wages don't fall in jobs with incomplete contracts

Fongoni, Marco; Schaefer, Daniel; Singleton, Carl - 2024

they do their work, though the involvement of employees, via information sharing, reduces this correlation. We also …

Persistent link: https://www.econbiz.de/10014557595

Minimum Wages and On-the-Job Training

Pischke, Jörn-Steffen; Acemoglu, Daron - 2008

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10014123892

Wage rigidity and job creation

Häfke, Christian (contributor); Sonntag, Marcus (contributor) - 2008

. -- Wage rigidity ; search and matching model ; business cycle …

Persistent link: https://www.econbiz.de/10003759253