Narrow search
Showing 1 - 10 of 54
Cover Image
Labor Supply Dynamics, Unemployment and Human Capital Investments
Wasmer, Etienne - 2002
composition of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor … labor force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human …
Persistent link: https://www.econbiz.de/10010262787
Cover Image
Labor supply dynamics, unemployment and human capital investments
Wasmer, Etienne - 2002
composition of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor … labor force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human …
Persistent link: https://www.econbiz.de/10011410676
Cover Image
Equilibrium employment in a model of imperfect labor markets
Garibaldi, Pietro; Wasmer, Etienne - 2003
, it delivers an expression for the employment rate and as side-products, a measure of the unemployment rate and the size … of the labor force. Second, it rationalizes several empirical works on the definition of unemployment in labor force …
Persistent link: https://www.econbiz.de/10010277062
Cover Image
Space, Search and Efficiency
Wasmer, Etienne; Zenou, Yves - 2000
We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the … interaction between land and labor markets, and decompose the equilibrium unemployment rate into two parts: a pure non-spatial one …
Persistent link: https://www.econbiz.de/10010262389
Cover Image
Space, search and efficiency
Wasmer, Etienne; Zenou, Yves - 2000
We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the … interaction between land and labor markets, and decompose the equilibrium unemployment rate into two parts: a pure non-spatial one …
Persistent link: https://www.econbiz.de/10011336862
Cover Image
Space, Search and Efficiency
Wasmer, Etienne; Zenou, Yves - 2021
We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the … interaction between land and labor markets, and decompose the equilibrium unemployment rate into two parts: a pure non-spatial one …
Persistent link: https://www.econbiz.de/10013321251
Cover Image
Gains from wage flexibility and the zero lower bound
Billi, Roberto M.; Galí, Jordi - 2019
We analyze the welfare impact of greater wage flexibility while taking into account explicitly the existence of the zero lower bound (ZLB) constraint on the nominal interest rate. We show that the ZLB constraint generally amplifies the adverse effects of greater wage flexibility on welfare when...
Persistent link: https://www.econbiz.de/10011990051
Cover Image
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 … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …
Persistent link: https://www.econbiz.de/10011336864
Cover Image
Employment protection and capital-labor ratios
Janiak, Alexandre; Wasmer, Etienne - 2014
labor market institutions may sometimes favor physical and human capital investments in second-best environments. …
Persistent link: https://www.econbiz.de/10010387699
Cover Image
Interpreting Europe and US labor markets differences : the specificity of human capital investments
Wasmer, Etienne - 2002
little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
Persistent link: https://www.econbiz.de/10011412475