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Unemployment and Endogenous Reallocation Over the Business Cycle

Carrillo-Tudela, Carlos - 2013

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

Persistent link: https://www.econbiz.de/10013087720

Paid to Quit

Dur, Robert A. J. - 2016

Inspired by a recent observation about an online retail company, this paper explains why a firm may find it optimal to offer an exit bonus to recent hires so as to induce self-selection. We study a double adverse selection problem, in which the principal can neither observe agents' commitment to...

Persistent link: https://www.econbiz.de/10013001146

Multitasking and Wages

Görlich, Dennis; Snower, Dennis J. - 2021

within education groups, our theory helps to explain (1) rising wage inequality between groups, and (2) rising wage …

Persistent link: https://www.econbiz.de/10013315748

Earnings Instability and Tenure

Cappellari, Lorenzo; Leonardi, Marco - 2021

We study the effect of tenure on earnings instability in Italy using two alternative estimation strategies. First we use a descriptive measure of earnings instability and fixed effects regressions. Second, we develop a formal model of earnings dynamics distinguishing permanent from transitory...

Persistent link: https://www.econbiz.de/10013315811

Asymmetries in Earnings, Employment and Wage Risk in Great Britain

Angelopoulos, Konstantinos - 2017

This paper examines the relationship between idiosyncratic risk in labour income and fluctuations in aggregate labour market quantities for Great Britain. We use data from the British Household Panel Survey (BHPS) for 1991-2008 and from the BHPS sub-sample of Understanding Society for 2010-2014....

Persistent link: https://www.econbiz.de/10012958452

Job Search, Human Capital and Wage Inequality

Carrillo-Tudela, Carlos - 2012

differ in their productivities. Wages are dispersed because of search frictions and workers' productivity differentials. The …

Persistent link: https://www.econbiz.de/10013098341

'Unwarranted' Wage Changes and the Return on Capital

Katsimi, Margarita - 2009

models, in which “unwarranted” wages changes and the return on capital are endogenously determined, do not necessarily …

Persistent link: https://www.econbiz.de/10013156013

Outsourcing and Optimal Nonlinear Taxation : A Note

Aronsson, Thomas - 2008

This paper addresses outsourcing in the two-type optimal income tax model. If the government is able to control outsourcing via a direct tax instrument, outsourcing will not affect the marginal income tax structure. In the absence of a direct tax instrument, and under the plausible assumption...

Persistent link: https://www.econbiz.de/10012772230

Age, Wage and Productivity

Ours, Jan C. van; Stoeldraijer, Lenny - 2021

Previous empirical studies on the effect of age on productivity and wages find contradicting results. Some studies find … that if workers grow older there is an increasing gap between productivity and wages, i.e. wages increase with age while …

Persistent link: https://www.econbiz.de/10013316239

Unemployment Risk and Wage Differentials

Pinheiro, Roberto - 2014

lack of compensating differentials for unemployment risk can arise in equilibrium when all workers are identical and firms … differ only in job security (i.e. the probability that the worker is not sent into unemployment). In a setting where workers …. We solve for the labor market equilibrium, finding that wages increase with job security for at least all firms in the …

Persistent link: https://www.econbiz.de/10013060971