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Between-Group Competition In The Labour Market And The Rising Returns To Skill: US And France 1964-2000

Wasmer, Etienne - C.E.P.R. Discussion Papers - 2001

This Paper describes the changes in the composition of the labour force in the last 35 years and quantifies the substitution of low education / high experience workers by low experience / high education workers by using US and French microdata. The consequences of this substitution on the wage...

Persistent link: https://www.econbiz.de/10005656354

Ethnic unemployment rates and frictional markets

Gobillon, Laurent; Rupert, Peter; Wasmer, Etienne - In: Journal of Urban Economics 79 (2014) C, pp. 108-120

The unemployment rate in France is roughly 6 percentage points higher for African immigrants than for natives. In the … US the unemployment rate is approximately 9 percentage points higher for blacks than for whites. Commute time data … we investigate the impact of spatial mismatch on the unemployment rate of ethnic groups using the matching model proposed …

Persistent link: https://www.econbiz.de/10010738199

Ethnic Unemployment Rates and Frictional Markets

Gobillon, Laurent; Rupert, Peter; Wasmer, Etienne - C.E.P.R. Discussion Papers - 2013

Persistent link: https://www.econbiz.de/10011084452

The Cyclical Volatility of Labor Markets under Frictional Financial Markets

Petrosky-Nadeau, Nicolas; Wasmer, Etienne - In: American Economic Journal: Macroeconomics 5 (2013) 1, pp. 193-221

We provide a dynamic extension of an economy with search on credit and labor markets (Wasmer and Weil 2004). Financial frictions create volatility. They add an additional, almost acyclical, entry cost to procyclical job creation costs, thus increasing the elasticity of labor market tightness to...

Persistent link: https://www.econbiz.de/10010600895

Equilibrium Search Unemployment With Explicit Spatial Frictions

Wasmer, Etienne; Zenou, Yves - C.E.P.R. Discussion Papers - 2004

Assuming that job search efficiency decreases with distance to jobs, workers’ location in a city depends on spatial elements such as commuting costs and land prices and on labour elements such as wages and the matching technology. In the absence of moving costs, we show that there exists a...

Persistent link: https://www.econbiz.de/10005114164

Does Space Affect Search? A Theory of Local Unemployment

Wasmer, Etienne; Zenou, Yves - C.E.P.R. Discussion Papers - 1999

solved for simultaneously. We then decompose unemployment in two parts: the level reached if all agents were residing in the …

Persistent link: https://www.econbiz.de/10005656179

When hosios meets phillips : connecting efficiency and stability to demand shocks

Petrosky-Nadeau, Nicolas; Wasmer, Etienne; Weil, Philippe - 2021

Persistent link: https://www.econbiz.de/10012483592

An introduction to the special feature section: Price, wage and employment adjustments in 2007–2008 and some inference for the current European crisis

Wasmer, Etienne - In: Labour Economics 19 (2012) 5, pp. 769-771

The four papers in this issue are part of a collective effort coordinated by the ECB and European National Central Banks, the Eurosystem's Wage Dynamics Network Survey. They provide new and systematic evidence on wage and price flexibility in Europe and attempt to explain their determinants.

Persistent link: https://www.econbiz.de/10010580743

Moving Towards a Single Labour Contract: Pros, Cons and Mixed Feelings

Lepage-Saucier, Nicolas; Schleich, Juliette; Wasmer, Etienne - Economics Department, Organisation de Coopération et … - 2013

This paper discusses the pros and cons of a single labour contract. After reviewing the current state of dualism in labour markets and the recent labour reforms in Europe, we discuss the various proposals to eliminate dualism. Next, we emphasise the costs of dualism and discuss whether they...

Persistent link: https://www.econbiz.de/10011276833

Are Specific Skills an Obstacle to Labour Market Adjustment? Theory and an Application to the EU Enlargement

Lamo, Ana; Messina, Julián; Wasmer, Etienne - C.E.P.R. Discussion Papers - 2006

institutions (wage rigidity and employment protection) increased, but to a much lesser extent, the unemployment gap. … others suffer long periods of costly adjustment, typically high and persistent unemployment and temporary output losses. We … unemployment duration spells, relatively large wage penalties when changing jobs and higher likelihood of leaving activity for …

Persistent link: https://www.econbiz.de/10005791264