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Labor Search and Matching in Macroeconomics

Yashiv, Eran - Centre for Economic Performance, LSE - 2007

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

Persistent link: https://www.econbiz.de/10005510441

Labor Market Reforms, Job Instability, and the Flexibility of the Employment Relationship

Matouschek, Niko; Ramezzana, P; Robert-Nicoud, Frédéric - Centre for Economic Performance, LSE - 2008

We endogenize separation in a search model of the labor market and allow for bargaining over the continuation of …

Persistent link: https://www.econbiz.de/10005151050

Looking Into the Black Box: A Survey of the Matching Function

Petrongolo, Barbara; Pissarides, Christopher A. - Centre for Economic Performance, LSE - 2000

We survey the microfoundations, empirical evidence and estimation issues underlying the aggregate matching function. Several microeconomic matching mechanisms have been suggested in the literature with some successes but none is generally accepted as superior to all others. Instead, an aggregate...

Persistent link: https://www.econbiz.de/10005016779

Gross Worker Flows in the Presence of Informal Labor Markets. The Mexican Experience 1987-2002

Bosch, Mariano; Maloney, William - Centre for Economic Performance, LSE - 2006

This paper applies recent advances in the study of labor market dynamics to a representative developing country with a large unregulated of "informal" sector, Mexico. It finds, first, that the formal salaried sector shows the same procyclical job finding rate and mildly countercyclical...

Persistent link: https://www.econbiz.de/10005510431

Minimum Wages and On-the-Job Training

Acemoglu, Daron; Pischke, Jörn-Steffen - Centre for Economic Performance, LSE - 2002

Becker's theory of human capital predicts that minimum wages should reduce training investments for affected workers because they prevent these workers from taking wage cuts necessary to finance training. In contrast, in noncompetitive labor markets, minimum wages tend to increase training of...

Persistent link: https://www.econbiz.de/10005016812

A Test Between Unemployment Theories Using Matching Data

Coles, Melvyn; Petrongolo, Barbara - Centre for Economic Performance, LSE - 2003

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due …

Persistent link: https://www.econbiz.de/10005016867

Trade and Industrial Location with Heterogeneous Labor

Amiti, Mary; Pissarides, Christopher A. - Centre for Economic Performance, LSE - 2002

We show in the framework of a new economic geography model that when labor is heterogenous and productivity depends on the quality of the match between job and worker, trade liberalization may lead to industrial agglomeration and inter-industry trade. The agglomeration force is the improvement...

Persistent link: https://www.econbiz.de/10005017005

How Does Product Market Competition Shape Incentive Contracts?

Cuñat, Vicente; Guadalupe, María - Centre for Economic Performance, LSE - 2005

This paper studies the effect of product market competition on the explicit compensation packages that firms offer to their CEOs, executives and workers. We use a large sample of both traded and non-traded UK firms and exploit a quasi-natural experiment associated to an increase in competition....

Persistent link: https://www.econbiz.de/10005017021

Creative Destruction with On-the-Job Search

Michau, Jean-Baptiste - Centre for Economic Performance, LSE - 2007

This paper is about the labour market consequences of creative destruction with on-the-job search. We consider a … allowing on-the-job search. We obtain that the elasticity of unemployment with respect to growth shrinks from 1.63 to 0 … search process than the unemployed. Thus, we show that, rather than contributing to unemployment, creative destruction …

Persistent link: https://www.econbiz.de/10005150991

Efficiency Wages and the Economic Effects of the Minimum Wage: Evidence from a Low-Wage Labour Market

Georgiadis, Andreas - Centre for Economic Performance, LSE - 2008

We exploit a natural experiment provided by the 1990 introduction of the UK National Minimum Wage (NMW) to investigate the relationship between wages and monitoring and to test for Efficiency Wages considerations in a low-wage sector, the UK residential care homes industry. Our findings seem to...

Persistent link: https://www.econbiz.de/10005151013