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Labor Demand During the Crisis : What Happened in Germany?

Bohachova, Olga - 2011

In Germany, the employment response to the post-2007 crisis has been muted compared to other industrialized countries. Despite a large drop in output, employment has hardly changed. In this paper, we analyze the determinants of German firms' labor demand during the crisis using a firm-level...

Persistent link: https://www.econbiz.de/10013118679

Part-Time Unemployment and Optimal Unemployment Insurance

Ek, Susanne; Holmlund, Bertil - 2021

the design of optimal unemployment insurance in an economy with unemployment as well as part-time unemployment. Part …-time unemployment provides income insurance and serves as a stepping stone to full-time jobs. Unemployment benefits for part …-timers increase the outflow from unemployment to part-time work but reduce the outflow from part-time work to fulltime employment. We …

Persistent link: https://www.econbiz.de/10013316057

Marginal Employment Subsidization : A New Concept and a Reappraisal

Knabe, Andreas; Schöb, Ronnie; Weimann, Joachim - 2021

In this paper, we attempt to renew the interest in marginal employment subsidies. Such subsidies are paid only for a firm's additional employment exceeding some reference level and create larger employment stimuli at lower fiscal costs than general wage subsidies for all workers. If the hiring...

Persistent link: https://www.econbiz.de/10013317599

Efficient Firm Dynamics in a Frictional Labor Market

Kaas, Leo - 2015

The introduction of firm size into labor search models raises the question how wages are set when average and marginal product differ. We develop and analyze an alternative to the existing bargaining framework: Firms compete for labor by publicly posting long–term contracts. In such a...

Persistent link: https://www.econbiz.de/10013038280

Wage Dispersion and Labor Turnover with Adverse Selection

Carrillo-Tudela, Carlos; Kaas, Leo - 2021

We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. With sufficiently strong information frictions, low-wage firms offer separating contracts and...

Persistent link: https://www.econbiz.de/10013315977

Simultaneous Search and Network Efficiency

Gautier, Pieter - 2011

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...

Persistent link: https://www.econbiz.de/10013122129

Wage and Employment Determination in Volatile Times : Sweden 1913-1939

Holmlund, Bertil - 2012

by a period of sharp deflation where nominal wages and prices fell by 30 percent and unemployment increased from 5 to 30 …-specific firm performance, suggesting a significant role for 'insider forces' in wage determination. Unemployment had a strong …

Persistent link: https://www.econbiz.de/10013107065

Efficiency and Labor Market Dynamics in a Model of Labor Selection

Chugh, Sanjay K. - 2015

This paper characterizes efficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...

Persistent link: https://www.econbiz.de/10013017376

Labour Market Reforms and Outcomes in Estonia

Brixiova, Zuzana - 2012

The unemployment rate in Estonia rose sharply in 2010 to one of the highest levels in the EU, after the country entered … would facilitate the structural transformation and reduce the long-term unemployment rate. Linking increases in unemployment …

Persistent link: https://www.econbiz.de/10013109327

Unemployment in an Interdependent World

Felbermayr, Gabriel - 2010

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …

Persistent link: https://www.econbiz.de/10013150804