Narrow search
Showing 1 - 10 of 1,578
Cover Image
Are Shirking and Leisure Substitutable? An Empirical Test of Efficiency Wages based on Urban Economic Theory
Ross, Stephen L.; Zenou, Yves - C.E.P.R. Discussion Papers - 2008
allow for behavioural substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable. …
Persistent link: https://www.econbiz.de/10005662249
Cover Image
Are Shirking and Leisure Substitutable? An Empirical Test of Efficiency Wages based on Urban Economic Theory
Ross, Stephen L.; Zenou, Yves - C.E.P.R. Discussion Papers - 2007
allow for behavioural substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable. …
Persistent link: https://www.econbiz.de/10005788928
Cover Image
How do Firms Redline Workers?
Zenou, Yves - C.E.P.R. Discussion Papers - 2002
In a city where individuals endogenously choose their residential location, firms determine their spatial efficiency wage and a geographical red line beyond which they do not recruit workers. This is because workers experiencing longer commuting trips provide lower effort levels than those...
Persistent link: https://www.econbiz.de/10005114307
Cover Image
Space And Unemployment: The Labour-Market Effects Of Spatial Mismatch
Brueckner, Jan; Zenou, Yves - C.E.P.R. Discussion Papers - 2000
The aim of this paper is to analyse the effects of suburban housing discrimination on the wages and unemployment rates of black workers. In a duocentric city with efficiency wages, it is shown that, when blacks experience suburban housing discrimination, they face a higher unemployment rate in...
Persistent link: https://www.econbiz.de/10005661463
Cover Image
Spatial Mismatch: From the Hypothesis to the Theories
Gobillon, Laurent; Selod, Harris; Zenou, Yves - C.E.P.R. Discussion Papers - 2003
Since the 1950s, there has been a steady decentralization of entry-level jobs towards the suburbs of American cities, while racial minorities — and particularly blacks — have remained in city centres. In this context, the spatial mismatch hypothesis argues that because the residential...
Persistent link: https://www.econbiz.de/10005661813
Cover Image
The mechanisms of spatial mismatch
Gobillon, Laurent; Selod, Harris; Zenou, Yves - C.E.P.R. Discussion Papers - 2005
The Spatial Mismatch Hypothesis (SMH) argues that low-skilled minorities residing in U.S. inner cities experience poor labour-market outcomes because they are disconnected from suburban job opportunities. This assumption gave rise to an abundant empirical literature, which confirmed this...
Persistent link: https://www.econbiz.de/10005114305
Cover Image
Involuntary unemployment and sustainability of bond-financed fiscal deficit
Yakita, Akira - In: Journal of Macroeconomics 41 (2014) C, pp. 79-93
We analyze the link between the sustainability of bond-financed deficit policy and involuntary unemployment in an overlapping generations model incorporating the fair wage hypothesis. If the fiscal deficit policy is sustainable, reductions in bond-financed deficit increase per worker capital...
Persistent link: https://www.econbiz.de/10010907064
Cover Image
Employment and distribution effects of the minimum wage
Slonimczyk, Fabián; Skott, Peter - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 245-264
This paper analyzes the effects of the minimum wage on wage inequality, relative employment and over-education. We show that over-education can be generated endogenously and that an increase in the minimum wage can raise both total and low-skill employment, and produce a fall in inequality....
Persistent link: https://www.econbiz.de/10011048157
Cover Image
Fair wages when employers face the risk of losing money
Gose, Karina; Sadrieh, Abdolkarim - In: Economics Letters 117 (2012) 3, pp. 687-690
When employers can incur losses from the labor relationship in a gift exchange game, they offer lower wages on average than in a no-loss relationship. Taking employers’ risk of losing money into account, employees exert more effort per wage unit.
Persistent link: https://www.econbiz.de/10010594066
Cover Image
Efficiency Wages, Urban Unemployment and Housing Consumption
Zenou, Yves - C.E.P.R. Discussion Papers - 2003
The aim of this Paper is to introduce endogenous housing consumption in an efficiency wage model in which two cases are considered: very high and zero relocation costs. First, in both cases, we are able to totally characterize the efficiency wage for any preferences that are quasi-linear with...
Persistent link: https://www.econbiz.de/10005504623