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Many European labor markets are characterized by heavy employment protection taxes and the widespread use of fixed-duration contracts. The simultaneous use of these two policy instruments seems somewhat contradictory since the former primarily aims at limiting job destruction whereas the latter...
Persistent link: https://www.econbiz.de/10005822230
The Nash wage bargaining model is ubiquitous in modern labour economics. Yet most applications of this model ignore inter-employer competition for labour services and attribute all of the workers’ rent to their bargaining power. In this Paper, we write and estimate an equilibrium model with...
Persistent link: https://www.econbiz.de/10005661522
This paper exposes a simple endogenous growth model with human capital accumulation in which competition in the educational system can lead to fast output growth with a simultaneous decline in welfare along a balanced growth path. This illustrates the idea that satisfaction is not...
Persistent link: https://www.econbiz.de/10005022457
Persistent link: https://www.econbiz.de/10005085693
Most applications of Nash bargaining over wages ignore between-employer competition for labor services and attribute all of the workers' rent to their bargaining power. In this paper, we write and estimate an equilibrium model with strategic wage bargaining and on-the-job search and use it to...
Persistent link: https://www.econbiz.de/10005170362
This paper presents a simple endogenous growth model with human capital accumulation in which competition in the educational system can lead to over-education, with rapid output growth and a simultaneous decline in welfare along a balance growth path in some circumstances. This illustrates the...
Persistent link: https://www.econbiz.de/10005247743
Persistent link: https://www.econbiz.de/10005166110
Many European labor markets are characterized by heavy employment protection taxes and the widespread use of fixed-duration contracts. The simultaneous use of these two policy instruments seems somewhat contradictory since the former primarily aims at limiting job destruction whereas the latter...
Persistent link: https://www.econbiz.de/10010262463
Persistent link: https://www.econbiz.de/10006748038
Persistent link: https://www.econbiz.de/10007924451