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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
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Two-Sided Learning, Labor Turnover and Worker Displacement
Pfann, Gerard A.; Hamermesh, Daniel S. - 2001
We construct a general dynamic structural model of two-sided learning between a firm and its workers. We estimate an … American workers). The type of data that we use also generates information on the value of learning and on whether and how the … the increases in the firm?s value from learning about its workers? behavior and to infer the extent of biases in estimated …
Persistent link: https://www.econbiz.de/10010274098
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Offshoring and unemployment
Mitra, Devashish; Ranjan, Priya - 2007
In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by search frictions. We find that, contrary to general...
Persistent link: https://www.econbiz.de/10010268489
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Offshoring and unemployment: the role of search frictions and labor mobility
Mitra, Devashish; Ranjan, Priya - 2009
In a two-sector, general-equilibrium model with labor-market search frictions, we find that wage increases and sectoral unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the sector with the lower (or equal) vacancy...
Persistent link: https://www.econbiz.de/10010269045
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Structural estimation of search intensity: do non-employed workers search enough?
Gautier, Pieter A.; Moraga-González, José Luis; … - 2007
We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it as the number of job applications that workers send out....
Persistent link: https://www.econbiz.de/10010274015
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A search model of discouragement
Rosholm, Michael; Toomet, Ott - 2005
Discouragement is a process occurring during an unemployment spell. As the spell prolongs, an individual gradually realises that the returns to search can no longer outweigh search costs, and hence she may eventually leave the labour force. This is analysed theoretically in a framework of...
Persistent link: https://www.econbiz.de/10010267575
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The dilemma of delegating search: Budgeting in public employment services
Addison, John T.; Altemeyer-Bartscher, Martin; Kuhn, Thomas - 2010
The poor performance often attributed to many public employment services may be explained in part by a delegation problem between the central office and local job centers. In markets characterized by frictions, job centers function as match-makers, linking job seekers with relevant vacancies....
Persistent link: https://www.econbiz.de/10010274618
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A Search Model of Discouragement
Rosholm, Michael; Toomet, Ott - Institute for the Study of Labor (IZA) - 2005
Discouragement is a process occurring during an unemployment spell. As the spell prolongs, an individual gradually realises that the returns to search can no longer outweigh search costs, and hence she may eventually leave the labour force. This is analysed theoretically in a framework of...
Persistent link: https://www.econbiz.de/10005822813
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The Dilemma of Delegating Search: Budgeting in Public Employment Services
Addison, John T.; Altemeyer-Bartscher, Martin; Kuhn, Thomas - Institute for the Study of Labor (IZA) - 2010
The poor performance often attributed to many public employment services may be explained in part by a delegation problem between the central office and local job centers. In markets characterized by frictions, job centers function as match-makers, linking job seekers with relevant vacancies....
Persistent link: https://www.econbiz.de/10008564693
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Firm Heterogeneity in Capital/Labor Ratios and Wage Inequality
Leonardi, Marco - 2003
This paper provides some empirical evidence and a theory of the relationship between residual wage inequality and the increasing dispersion of capital/labor ratios across firms. I document the increasing variance of capital/labor ratios across firms in the US labor market. I also show that the...
Persistent link: https://www.econbiz.de/10010261620