period and firms react by choosing employment, and (ii) for the commitment equilibria where the union can precommit to the … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …

period and firms react by choosing employment, and (ii) for the commitment equilibria where the union can precommit to the … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …

) most of the narrowing employment gap, and (3) all of the reversing education gap. Crucially, the model can also account for …

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 …

excessively high and their employment excessively low. These inefficiencies are usually magnified through unemployment benefit … systems. This paper examines how these problems can be tackled through "employment vouchers," i.e. hiring subsidies or tax …. The employment vouchers considered here reduce unemployment and impose no cost on the government, since they are financed …

Many studies have been conducted to analyze the effect of stricter Employment Protection Legislation (EPL). However … entailing future stronger labor rigidities, from January 2001 to May 2012. Using the Permanent Employment Survey (EPE), we find … a negative relation between expectations towards a stricter labor market and both employment and average income. News …

impact on the employment situation but, in relation with the fall of the production, the observed destructions of jobs were … layoffs. Lastly, they could reduce volume of internal employment, but with less serious consequences for the stable contract … same which knows more the precarious employment, the underemployment and the recurrent unemployment. Moreover, one observes …