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The causes and economic consequences of envy

Cabrales, Antonio - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 4, pp. 371-386

: workplace skill segregation, gradual promotions, wage increases that have no relation with productivity and downward wage … considered in their theoretical and empirical models. -- envy ; interdependent preferences ; skill segregation ; wage dynamics … ; wage dispersion ; internal labor market ; recursive contracts …

Persistent link: https://www.econbiz.de/10009355901

Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies

Pace, Federico di; Faccini, Renato - 2010

cycles ; labour market fluctuations ; search and matching ; wage bargaining …

Persistent link: https://www.econbiz.de/10003969378

Countercyclical Endogenous Uncertainty Shocks, Efficiency Wages and Procyclical Precautionary Labor Productivity

Grandmont, Jean-Michel - 2017

decreasing fast near the steady state, firms' efficiency wage contracts generate significant endogenous procyclical variations of …

Persistent link: https://www.econbiz.de/10012945060

Endogenous Procyclicality of Labor Productivity, Employment, Real Wages and Effort in Conditionally Heteroskedastic Sunspots Unemployment Business Cycles With Negishi-Solow Efficie...

Grandmont, Jean-Michel - 2016

near the steady state, profit maximizing firms' choice of efficiency wage contracts generates significant endogenous …

Persistent link: https://www.econbiz.de/10012994706

Uninsurable Individual Risk and the Cyclical Behavior of Unemployment and Vacancies

Shao, Enchuan - 2014

against idiosyncratic risk. We show that this heterogeneity implies wage rigidity relative to a complete insurance economy …

Persistent link: https://www.econbiz.de/10012709508

The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited

Hagedorn, Marcus; Manovskii, Iourii - 2021

Recently, a number of authors have argued that the standard search model cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We use data on the cost of vacancy creation and cyclicality of wages to identify...

Persistent link: https://www.econbiz.de/10013316636

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

Vasilev, Aleksandar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 91-105

such a mechanism can quantitatively account for the degree of real wage rigidity in the Bulgarian labor markets, as …

Persistent link: https://www.econbiz.de/10012242326

Employment protection in dual labor markets : any amplification of macroeconomic shocks?

Lochner, Benjamin - 2014

Although labor market duality is a widespread phenomenon in many OECD countries, there is yet no research consent on the effects of duality on labor market dynamics and performance. Against this background, using a New Keynesian model with unemployment, this paper theoretically investigates the...

Persistent link: https://www.econbiz.de/10010439587

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

destruction given the wage contract between matched firms and workers. The outcome is a model for the flow of new jobs and …

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

Deep Habits and the Cyclical Behaviour of Equilibrium Unemployment and Vacancies

Di Pace, Federico - 2010

We extend the standard textbook search and matching model by introducing deep habits in consumption. The cyclical fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness being 20 times more volatile than consumption....

Persistent link: https://www.econbiz.de/10013142668