En este artículo se analiza desde un punto de vista teórico y en el marco de un modelo de búsqueda, los efectos ambiguos del acceso a mejores ofertas salariales sobre la probabilidad final de que un individuo acepte un empleo. A fin de superar dicha ambigüedad analizamos los efectos sobre el...

Global warming, intermittent production, and efficient use of energy require adequate demand response policies. The price inelasticity of electricity demand represents the main obstacle for developing adequate measures. A potential source of demand inelasticity is the temperature effect ‐the...

This paper studies the relation between labour market institutions and educational systems and how this relation may affect youth unemployment rates. By constructing a signalling model in which education can be used as a signal of workers’ unobserved productivity and firms face firing costs,...

The main consistent conclusions of the empirical literature about the effects of minimum wages are threefold. First, there exists evidence about the negative employment effects of minimum wages, notably for the least-skilled groups. Secondly, after an increase in minimum wage, the probability...