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Real Unit Labour Costs in Eurozone Countries: Drivers and Clusters
Ordóñez, Javier; Sala, Hector; Silva, José I. - Institute for the Study of Labor (IZA) - 2014
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components – real wages, capital intensity, and technology – are uncovered through decomposition and cluster analyses. In...
Persistent link: https://www.econbiz.de/10010884247
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Unemployment in East and West Europe
Münich, Daniel; Svejnar, Jan - Institute for the Study of Labor (IZA) - 2007
In this paper, we use 1991-2005 panel data on the unemployed, vacancies, inflow into unemployment, and outflow from unemployment in five former communist economies and in the western part of Germany (a benchmark western economy) to examine the evolution of unemployment together with that of...
Persistent link: https://www.econbiz.de/10005822900
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The Role of Worker Flows in the Dynamics and Distribution of UK Unemployment
Elsby, Michael; Smith, Jennifer C.; Wadsworth, Jonathan - Institute for the Study of Labor (IZA) - 2011
Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market states act as key determinants of this. We examine how the structure of unemployment across groups and its cyclical movements across time are shaped by changes in labour market...
Persistent link: https://www.econbiz.de/10009147491
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Labour Market Policy and the Equity-Efficiency Trade-Off
Filges, Trine; Kennes, John; Larsen, Birthe; Tranæs, Torben - Institute for the Study of Labor (IZA) - 2007
This paper studies labour market policy in a society where differently gifted individuals can invest in training to further increase their labour market productivity. Furthermore, the seeks both efficiency and equity. Frictions in the matching process create unemployment and differently skilled...
Persistent link: https://www.econbiz.de/10005761972
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The Economics of Labor Market Intermediation: An Analytic Framework
Autor, David - Institute for the Study of Labor (IZA) - 2008
Labor Market Intermediaries (LMIs) are entities or institutions that interpose themselves between workers and firms to … departures of labor market operation from the efficient neoclassical benchmark. At a rudimentary level, LMIs such as online job … in labor markets by compelling workers and firms to reveal normally hidden credentials, such as criminal background …
Persistent link: https://www.econbiz.de/10005822049
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Career Progression and Formal versus On-the-Job Training
Adda, Jérôme; Dustmann, Christian; Meghir, Costas; … - Institute for the Study of Labor (IZA) - 2006
We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility, in a world where wages depend on firm-worker matches, as well as experience and tenure and jobs take time to locate. We estimate this model on a large administrative panel data...
Persistent link: https://www.econbiz.de/10005822162
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Equilibrium Policy Experiments and the Evaluation of Social Programs
Lise, Jeremy; Seitz, Shannon; Smith, Jeffrey - Institute for the Study of Labor (IZA) - 2003
This paper makes three contributions to the literature on program evaluation. First, we construct a model that is well-suited to conduct equilibrium policy experiments and we illustrate effectiveness of general equilibrium models as tools for the evaluation of social programs. Second, we...
Persistent link: https://www.econbiz.de/10005822181
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Individual Pay and Outside Options: Evidence from the Polish Labour Force Survey
Duffy, Fiona; Walsh, Patrick Paul - Institute for the Study of Labor (IZA) - 2001
Using Polish Labour Force Survey data, we examine whether competition for labour has induced individual pay to depend on outside options, availability and quality of jobs. Exploiting the lack of inter-regional job and worker flows we estimate the elasticity of individual pay, amongst a rich set...
Persistent link: https://www.econbiz.de/10005822247
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Preferences for Collective versus Individualised Wage Setting
Boeri, Tito; Burda, Michael C. - Institute for the Study of Labor (IZA) - 2008
Standard models of equilibrium unemployment assume exogenous labour market institutions and flexible wage determination. This paper models wage rigidity and collective bargaining endogenously, when workers differ by observable skill and may adopt either individualized or collective wage...
Persistent link: https://www.econbiz.de/10005822266
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The Peter Principle: A Theory of Decline
Lazear, Edward P. - Institute for the Study of Labor (IZA) - 2003
Some have observed that individuals perform worse after being promoted. The Peter Principle, which states that people are promoted to their level of incompetence, suggests that something is fundamentally misaligned in the promotion process. This view is unnecessary and inconsistent with the...
Persistent link: https://www.econbiz.de/10005822268