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summarized as showing that the very existence of unemployment generates political support for "sclerosis". This observation may …
Persistent link: https://www.econbiz.de/10014204769
employment volatility during cyclical fluctuations, and leverage strengthens firm bargaining power in labour negotiations. Bank … markets, crowd out productive investment and fuel unemployment. Declining wage shares in OECD countries may be driven in part …
Persistent link: https://www.econbiz.de/10011914294
I discuss some key issues raised by behavioral economics for better understanding the working of the labor market. Amongst the key points in this paper are: (i) a revised modeling of the labor supply curve, with a specific focus on the target income approach (ii) elaborating on the importance of...
Persistent link: https://www.econbiz.de/10013050704
Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10012801411
Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10014083951
asymmetry implies that an adverse, skill-neutral shock to aggregate employment may cause an increase in wage inequality, both … between and within skill categories, as well as an increase in unemployment, especially among low-skill workers. Movements in … productivity, unemployment and inequality may thus be linked to induced overeducation and credentialism. …
Persistent link: https://www.econbiz.de/10011527123
advantage of individual-level longitudinal data to observe the impacts of minimum wage changes on unemployment and labor force … determines unemployment and labor force participation. Specifically, the empirical strategy controls any fixed individual … increase in unemployment immediately following a minimum wage increase. In addition, it does not appear that employers are …
Persistent link: https://www.econbiz.de/10011978325
In the past decades unemployment in the Netherlands has gone down substantially. The main suspects responsible for this … unemployment rate in the Netherlands has increased somewhat. However, since the huge decline in unemployment was due to structural … improvements in the functioning of the labor market there is not a lot of reason to worry about the recent rise in unemployment …
Persistent link: https://www.econbiz.de/10011507711
impact that the enactment of various types of E-verify mandates may have on the employment and wages of these two populations …. We find that the enactment of both universal and public-sector only mandates reduce employment of likely unauthorized … workers. Meanwhile, employment verification does not affect naturalized Hispanic workers but increases the employment …
Persistent link: https://www.econbiz.de/10009753850
the paper it is shown that discrimination based on employment status is an equilibrium hiring strategy even when the firm …
Persistent link: https://www.econbiz.de/10011574953