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The role of the wage-productivity gap in economic activity
Karanassou, Marika; Sala, Hector - In: International review of applied economics 28 (2014) 4, pp. 436-459
Persistent link: https://www.econbiz.de/10010355847
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Incentive models of the labour market
Brown, Alessio J. G. - 2009
policies for the welfare state are analysed: Unemployment accounts, employment subsidies and flexicurity. Finally, a new …
Persistent link: https://www.econbiz.de/10010460018
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10010277955
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10010278021
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Inequality and employment sensitivities to the falling labour share
Karanassou, Marika; Sala, Hector - 2011
inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …
Persistent link: https://www.econbiz.de/10010286279
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The evolution of inflation and unemployment : explaining the roaring nineties
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - In: Australian economic papers 47 (2008) 4, pp. 334-354
Persistent link: https://www.econbiz.de/10003790679
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Productivity growth and the Phillips Curve : a reassessment of the US experience
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2008
Persistent link: https://www.econbiz.de/10003798177
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Productivity growth and the Phillips curve : a reassessment of the US experience
Karanassou, Marika; Sala, Hector - 2009
In this paper we analyse a new Phillips curve (NPC) model and demonstrate that (i) frictional growth, i.e. the interplay of wage-staggering and money growth, generates a nonvertical NPC in the long-run, and (ii) the Phillips curve (PC) shifts with productivity growth. On this basis we estimate a...
Persistent link: https://www.econbiz.de/10003879334
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The evolution of inflation and unemployment : explaining the roaring nineties
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007
This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a phenomenon that encapsulates the interplay of nominal staggering and money growth. The existence of a downward-sloping long-run Phillips curve suggests the development of a...
Persistent link: https://www.econbiz.de/10003485605
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The evolution of inflation and unemployment : explaining the roaring nineties
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007
Persistent link: https://www.econbiz.de/10003491138