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Raising female employment : reflexions and policy tools

Garibaldi, Pietro; Wasmer, Etienne - 2003

While there is consensus on the need to raise the time spent in the market by European women, it is not clear how these goals should be achieved. Tax wedges, assistance in the job search process, and part-time jobs are policy instruments that are widely debated in policy circles. The paper...

Persistent link: https://www.econbiz.de/10010261649

The Macroeconomics of Labor and Credit Market Imperfections

Wasmer, Etienne; Weil, Philippe - 2000

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...

Persistent link: https://www.econbiz.de/10010262387

Space, Search and Efficiency

Wasmer, Etienne; Zenou, Yves - 2000

We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the labor market in which workers? location in an agglomeration depends on commuting costs, the endogenous price of land and the value of job search and employment. We first show that...

Persistent link: https://www.econbiz.de/10010262389

Labor Market Efficiency, Wages and Employment when Search Frictions Interact with Intrafirm Bargaining

Cahuc, Pierre; Wasmer, Etienne - 2001

In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent … contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring … overemployment or to under-employment compared with the first-best. On the other hand, in Stole and Zwiebel?s theory of intrafirm …

Persistent link: https://www.econbiz.de/10010262510

Labor Market Flows and Equilibrium Search Unemployment

Garibaldi, Pietro; Wasmer, Etienne - 2001

labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … labor force and rises the share of attached workers. Finally, our theory suggests that contrary to two-state models …

Persistent link: https://www.econbiz.de/10010262607

Interpreting Europe and US Labor Markets Differences: The Specificity of Human Capital Investments

Wasmer, Etienne - 2002

This paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favors specific human capital investments....

Persistent link: https://www.econbiz.de/10010262696

Labor Supply Dynamics, Unemployment and Human Capital Investments

Wasmer, Etienne - 2002

In the last decades, the OECD labor markets faced important labor supply changes with the arrival of women and the cohorts of the baby-boom. Using a survey where workers declare their true employment experience, this paper argues that these supply trends imply more inexperienced workers. It then...

Persistent link: https://www.econbiz.de/10010262787

Local social capital and geographical mobility: a theory

David, Quentin; Janiak, Alexandre; Wasmer, Etienne - 2008

In this paper, we attempt to understand the determinants of mobility by introducing the concept of local social capital. Investing in local ties is rational when workers anticipate that they will not move to another region. Reciprocally, once local social capital is accumulated, incentives to...

Persistent link: https://www.econbiz.de/10010268578

Layoff costs and efficiency with asymmetric information

Delacroix, Alain; Wasmer, Etienne - 2009

Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and layoff taxes can improve efficiency. We show that inefficient separations can even be fully removed with fixed separation taxes in the case where the relevant private information is...

Persistent link: https://www.econbiz.de/10010269525

Higher Education Levels, Firms' Outside Options and the Wage Structure

Rosén, Åsa; Wasmer, Etienne - 2002

We analyze the consequences of an increase in the supply of highly educated workers on relative and real wages in a search model where wages are set by Nash-bargaining. The key insight is that an increase in the supply of highly educated workers improves the firms? outside option. As a...

Persistent link: https://www.econbiz.de/10010276358