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Unemployment Vouchers versus Low-Wage Subsidies

Orszag, J. Michael; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002

workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be … granted to all low-wage earners regardless of their employment history and are of limitless duration. Our analysis indicates …

Persistent link: https://www.econbiz.de/10005247692

Unemployment Invariance

Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002

This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10005822664

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

incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …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 …

Persistent link: https://www.econbiz.de/10011103270

An Incentive Theory of Matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 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/10004961441

Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2007

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a) improve employment and welfare, (b) do not raise earnings inequality …

Persistent link: https://www.econbiz.de/10005762441

Adjustment Dynamics and the Natural Rate: An Account of UK Unemployment

Henry, Brian; Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999

This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment over the past 25 years are due predominantly to movements in the underlying empirical "natural rate of unemployment" (NRU). Our analysis suggests that the British NRU has remained...

Persistent link: https://www.econbiz.de/10005763790

Unemployment in the European Union: A Dynamic Reappraisal

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...

Persistent link: https://www.econbiz.de/10005703234

Unemployment in the European Union: Institutions, Prices, and Growth

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2003

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10005703238

Centralized Bargaining, Multi-Tasking and Work Incentives

Lindbeck, Assar; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999

centralized bargaining inhibits firms from using wages to induce workers to learn how to use their experience from one set of …

Persistent link: https://www.econbiz.de/10005703276

Unemployment Accounts and Employment Incentives

Brown, Alessio J. G.; Orszag, J. Michael; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006

people’s employment incentives and could achieve reductions in unemployment without reducing the level of support to the …

Persistent link: https://www.econbiz.de/10005703506