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Labor Market Efficiency Wages And Employment When Search Frictions Interact With Intrafirm Bargaining
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Book Synopsis Labor Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining by : Pierre Cahuc
Download or read book Labor Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining written by Pierre Cahuc and published by . This book was released on 2001 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining by : Pierre Cahuc
Download or read book Labour Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining written by Pierre Cahuc and published by . This book was released on 2001 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Search Frictions and the Labor Wedge by : Mr.Andrea Pescatori
Download or read book Search Frictions and the Labor Wedge written by Mr.Andrea Pescatori and published by International Monetary Fund. This book was released on 2011-05-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that labor market search frictions do not explain fluctuations in the labor wedge per se. However, the introduction of extensive and intensive margin clarifies that measuring the MRS in terms of total hours artificially introduces procyclicality in the MRS. When the MRS is correctly measured in terms of hours per worker, the labor wedge obtained is less variable than the one of the competitive model. Finally, we show that it is possible to measure a strongly procyclical labor wedge when the actual data generating process is a search model that allows for movements in both margins.
Book Synopsis A Theory of Wages and Labor Demand with Intra-Firm Bargaining and Matching Frictions by : Pierre Cahuc
Download or read book A Theory of Wages and Labor Demand with Intra-Firm Bargaining and Matching Frictions written by Pierre Cahuc and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article provides a model of labor market equilibrium with search and within-firm strategic bargaining. We yield explicit closed form solutions with heterogeneous labor inputs and capital. The solution exhibits overemployment. We show that higher relative bargaining power for some groups of workers may lead to overemployment relative to other groups, with such other groups being underemployed instead if they have a lower relative bargaining power. Similarly, the hold-up problem between capitalists and employees does not necessarily lead to underinvestment in physical capital.
Book Synopsis Employment Protection and Unemployment in an Efficiency Wage Model by : Maia Güell
Download or read book Employment Protection and Unemployment in an Efficiency Wage Model written by Maia Güell and published by . This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage Bargaining in Industries with Market Power by : Atilano Jorge Padilla
Download or read book Wage Bargaining in Industries with Market Power written by Atilano Jorge Padilla and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: El trabajo trata de investigar como los salarios equilibrados y el empleo, reaccionan para cambiar en el mercado laboral y productivo, el ciclo económico y la política económica.
Book Synopsis Bargaining Versus Efficiency Wages in a Dynamic Labor Market by : Jon Strand
Download or read book Bargaining Versus Efficiency Wages in a Dynamic Labor Market written by Jon Strand and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage Bargaining in Industries with Market Power by : A. Jorge Padilla
Download or read book Wage Bargaining in Industries with Market Power written by A. Jorge Padilla and published by . This book was released on 1996 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the nature of interactions among firms and among trade unions, when setting wages within an oligopolistic market.
Book Synopsis Fixed-term Contracts and Unemployment by : Maia Güell
Download or read book Fixed-term Contracts and Unemployment written by Maia Güell and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dual Labor Markets, Efficiency Wages, and Search by : James W. Albrecht
Download or read book Dual Labor Markets, Efficiency Wages, and Search written by James W. Albrecht and published by . This book was released on 1991 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Search Frictions, Efficiency Wages and Equilibrium Unemployment by : Christopher Martin
Download or read book Search Frictions, Efficiency Wages and Equilibrium Unemployment written by Christopher Martin and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the decomposition of equilibrium unemployment into involuntary and frictional components using a model that combines efficiency wages with search and matching frictions in the labour market. In deriving our results we generalize the celebrated Solow Condition, expressing the wage as the sum of a pure efficiency wage component and a component that reflects search frictions. Using standard values of calibrated parameters, we find that the bulk of unemployment is involuntary.
Book Synopsis Wage Differentials and Mobility in the Urban Labor Market by : Xiaodong Gong
Download or read book Wage Differentials and Mobility in the Urban Labor Market written by Xiaodong Gong and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labor Market Dynamics with Search Frictions and Fair Wage Considerations by : Pei Kuang
Download or read book Labor Market Dynamics with Search Frictions and Fair Wage Considerations written by Pei Kuang and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fairness considerations in wage setting can improve the ability of the Diamond-Mortensen-Pissarides search and matching model to account for U.S. labor market dynamics. Firms' production is influenced by workers' effort input, which depends on whether workers consider the employment relation as fair. A typical worker's effort is determined in a comparison of individual current wage with wage norms, including the outside option, the individual past wage, and the wage level in the steady state. The fairness considerations in the search framework give rise to endogenous real wage rigidity, and realistic volatilities of unemployment, vacancies, and labor market tightness.
Book Synopsis The Matching Efficiency of Regional Labour Markets by : Aomar Ibourk
Download or read book The Matching Efficiency of Regional Labour Markets written by Aomar Ibourk and published by . This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Does Imperfect Competition in the Labor Market Affect Unemployment Policies? by : Xavier Wauthy
Download or read book How Does Imperfect Competition in the Labor Market Affect Unemployment Policies? written by Xavier Wauthy and published by . This book was released on 2001 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Dynamics of Immigrant Welfare and Labor Market Behavior by : Jorgen Hansen
Download or read book The Dynamics of Immigrant Welfare and Labor Market Behavior written by Jorgen Hansen and published by . This book was released on 2001 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Unemployment Insurance by : Andreas Pollak
Download or read book Optimal Unemployment Insurance written by Andreas Pollak and published by Mohr Siebeck. This book was released on 2007 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designing a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As the models allow for considerable heterogeneity of households, including a history-dependent labor productivity, it is possible to analyze how certain policies affect individuals in a specific age, wealth or skill group. The most important aspect of an unemployment insurance system turns out to be the benefits paid to the long-term unemployed. If this parameter is chosen too high, a large number of households may get caught in a long spell of unemployment with little chance of finding work again. Based on the predictions in these models, the so-called "Hartz IV" labor market reform recently adopted in Germany should have highly favorable effects on the unemployment rates and welfare in the long run.
