A Theory Of Wages And Labor Demand With Intra Firm Bargaining And Matching Frictions
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Author | : Pierre Cahuc |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : |
This article provides a model of labor market equilibrium with search and within-firm strategic bargaining. We yield explicit closed form solutions with heterogeneous labor inputs and capital. The solution exhibits overemployment. We show that higher relative bargaining power for some groups of workers may lead to overemployment relative to other groups, with such other groups being underemployed instead if they have a lower relative bargaining power. Similarly, the hold-up problem between capitalists and employees does not necessarily lead to underinvestment in physical capital.
Author | : Etienne Wasmer |
Publisher | : |
Total Pages | : 43 |
Release | : 2004 |
Genre | : Labor demand |
ISBN | : |
Author | : Pierre Cahuc |
Publisher | : |
Total Pages | : 34 |
Release | : 2001 |
Genre | : |
ISBN | : |
Author | : J. Dunlop |
Publisher | : Springer |
Total Pages | : 442 |
Release | : 2016-01-13 |
Genre | : Business & Economics |
ISBN | : 1349152056 |
Author | : John Davidson |
Publisher | : New York ; London : G.P. Putnam |
Total Pages | : 352 |
Release | : 1898 |
Genre | : Business & Economics |
ISBN | : |
Author | : John Hicks |
Publisher | : Springer |
Total Pages | : 405 |
Release | : 1963-06-18 |
Genre | : Business & Economics |
ISBN | : 1349001899 |
Author | : Eugene A. Myers |
Publisher | : |
Total Pages | : 170 |
Release | : 1970 |
Genre | : Collective bargaining |
ISBN | : |
Author | : Åsa Rosén |
Publisher | : |
Total Pages | : 42 |
Release | : 1993 |
Genre | : Wages |
ISBN | : |
Author | : Andreas Pollak |
Publisher | : Mohr Siebeck |
Total Pages | : 204 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 9783161493041 |
Designing a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As the models allow for considerable heterogeneity of households, including a history-dependent labor productivity, it is possible to analyze how certain policies affect individuals in a specific age, wealth or skill group. The most important aspect of an unemployment insurance system turns out to be the benefits paid to the long-term unemployed. If this parameter is chosen too high, a large number of households may get caught in a long spell of unemployment with little chance of finding work again. Based on the predictions in these models, the so-called "Hartz IV" labor market reform recently adopted in Germany should have highly favorable effects on the unemployment rates and welfare in the long run.
Author | : Wei Kang Liang |
Publisher | : |
Total Pages | : 154 |
Release | : 1974 |
Genre | : Wages |
ISBN | : |