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We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that … exercises suggest that redundancy transfers and administrative dismissal restrictions have negligeable unemployment effects when … wages are flexible or when the minimum wage is low, but a dramatic positive impact on unemployment when there is a high …
Persistent link: https://www.econbiz.de/10010262316
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10010262352
reservation wages to decrease. The rate at which job offers arrive is constant over the unemployment duration. These findings …
Persistent link: https://www.econbiz.de/10010262149
geschätzt werden, bestätigen insbesondere die zentrale Bedeutung der Arbeitslosigkeit für die Höhe der Fehlzeiten. Weiterhin …
Persistent link: https://www.econbiz.de/10010262287
The systematic use of experience rating is an original feature of the U.S. unemployment benefit system. In most states …, unemployment benefits are financed by taxing firms in proportion to their separations. Experience rating is a way to require … employers to contribute to the payment of unemployment benefits they create through their firing decisions. It is striking that …
Persistent link: https://www.econbiz.de/10010262671
geschätzt werden, bestätigen insbesondere die zentrale Bedeutung der Arbeitslosigkeit für die Höhe der Fehlzeiten. Weiterhin …
Persistent link: https://www.econbiz.de/10005762028
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014533978
high severance payments are likely to decrease unemployment but systematically decrease welfare and raise inequality …
Persistent link: https://www.econbiz.de/10010262317
Many workers believe that personal contacts are crucial for obtaining jobs in high-wage sectors. On the other hand, firms in high-wage sectors report using employee referrals because they help provide screening and monitoring of new employees. This paper develops a matching model that can...
Persistent link: https://www.econbiz.de/10010262359
insiders to firing restrictions does not necessarily worsen unemployment. In fact, it may be the willingness of a majority of … unemployment and deteriorates efficiency. Moreover, we argue, that the concentration of firm ownership is likely to influence labor …
Persistent link: https://www.econbiz.de/10010262463