Similar Search Results

Yashiv, Eran - C.E.P.R. Discussion Papers - 2006

This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …

Persistent link: https://www.econbiz.de/10005792066

Policy Complementarities: The Case for Fundamental Labour Market Reform

Coe, David T; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...

Persistent link: https://www.econbiz.de/10005791663

The Low-Skill, Bad-Job Trap

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994

The paper explains how a country can fall into a 'low-skill, bad-job trap', in which workers acquire insufficient training and firms provide insufficient skilled vacancies. In particular, the paper argues that in countries where a large proportion of the workforce is unskilled, firms have little...

Persistent link: https://www.econbiz.de/10005124126

Efficient Wage Dispersion

Acemoglu, Daron; Shimer, Robert - C.E.P.R. Discussion Papers - 1997

or more of the posted wages, i.e. search, before deciding where to apply. Both with homogeneous and heterogeneous forms …, equilibrium wage dispersion is necessary for the economy to approximate efficiency. Without wage dispersion, workers do not search …, and wages are depressed. As a result: (a) there is excessive entry of firms; and (b) because, in the absence of search …

Persistent link: https://www.econbiz.de/10005124074

How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998

This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the outcome of the interplay between labour market shocks...

Persistent link: https://www.econbiz.de/10005504680

A Contribution to Unemployment Dynamics

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995

This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are examined: (i) `unemployment persistence', arising when...

Persistent link: https://www.econbiz.de/10005791454

Equilibrium Wage Dispersion with Worker and Employer Heterogeneity

Postel-Vinay, Fabien; Robin, Jean-Marc - C.E.P.R. Discussion Papers - 2002

We construct and estimate an equilibrium search model with on-the-job-search. Firms make take-it-or-leave-it wage …

Persistent link: https://www.econbiz.de/10005136582

Employment and Distributional Effects of Restricting Working Time

Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1999

with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns …

Persistent link: https://www.econbiz.de/10005067610

Unemployment Compensation Finance and Aggregate Employment Fluctuations

L'Haridon, Olivier; Malherbet, Franck - C.E.P.R. Discussion Papers - 2002

Experience rating which is often treated as a simple adjustment cost is an original feature of the US unemployment benefit system. This Paper extensively addresses the effect of experience rating as an alternative to standard job protection. We provide a simple matching model of unemployment...

Persistent link: https://www.econbiz.de/10005498108

Hiring Risk and Labour Market Equilibrium

Orszag, Mike; Zoega, Gylfi - C.E.P.R. Discussion Papers - 1996

This paper introduces asymmetric information about workers' abilities into the turnover-training model of Phelps (1994) and Salop (1979). This makes hiring an investment under uncertainty. We show that an increase in the level of uncertainty reduces the rate of hiring, increases the optimal...

Persistent link: https://www.econbiz.de/10005124377