minimum wages when firms are financially constrained. We introduce financial frictions into a search and matching labor market … model with stochastic job matching, imperfect information, and endogenous effort. In line with the empirical literature, the …

costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …

costs influence insider wages and outsiders’ opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …

This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option …

We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that … wages are renegotiated by mutual agreement only is introduced in a matching model with endogenous job destruction – la … are not any more neutral, as in the standard matching model where wages are continuously renegotiated: In our framework …

This paper considers a matching model with heterogenous jobs (unskilled and skilled) and workers (low and high …

increase in part-time employment, a less pronounced decline in unemployment and a greater reduction in weekly working hours …

This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under … stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option …