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An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2010
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...
Persistent link: https://www.econbiz.de/10010955922
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An Incentive Theory of Matching
Brown, Alessio J G; Merkl, Christian; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10005000439
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An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10004992848
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A Positive Analysis of Targeted Employment Protection Legislation
Dolado, Juan J.; Jansen, Marcel; Jimeno, Juan F. - Institute for the Study of Labor (IZA) - 2007
results point out that EPL reforms achieve the largest reduction in unemployment when they are targeted to workers with lower …
Persistent link: https://www.econbiz.de/10005822296
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Collective bargaining, firm heterogeneity and unemployment
Jimeno, Juan F.; Thomas, Carlos - Banco de España - 2011
-Pissarides economy with firm-specific productivity shocks. Our main theoretical results are twofold. First, unemployment is lower under … firm-level bargaining Second, introducing efficient opting-out of sector-level agreements suffices to bring unemployment … unemployment rate is about 5 percentage points lower under firm-level bargaining or efficient opting out than under sector …
Persistent link: https://www.econbiz.de/10009370182
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Fiscal stimulus and labor market policies in Europe
Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - In: Journal of Economic Dynamics and Control 37 (2013) 3, pp. 483-499
Several contributions have recently assessed the size of fiscal multipliers both in RBC models and in New Keynesian models. This paper computes fiscal multipliers within a labor selection model with turnover costs and Nash bargained wages. We find that demand stimuli yield small multipliers, as...
Persistent link: https://www.econbiz.de/10011051942
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SPAIN: FROM IMMIGRATION TO EMIGRATION?
Izquierdo, Mario; Jimeno, Juan F.; Lacuesta, Aitor - Banco de España - 2015
Since the start of the Great Recession the unemployment rate in Spain has risen by almost 18 percentage points. The … unemployment crisis is affecting all population groups, including the more highly educated; but it is even more acute for the … foreign population, whose unemployment rate is close to 40%. This situation follows a period of very high immigration flows …
Persistent link: https://www.econbiz.de/10011170407
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The Minimum Wage from a Two-Sided Perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10011103270
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The Minimum Wage from a Two-Sided Perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - CESifo - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010877633
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The Minimum Wage from a Two-Sided Perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010887014