This paper argues that preconditions for welfare benefit entitlements
based on labour market prospects can be counterproductive
when they create an incentive for individuals to abstain from any investment
earlier in ...
This paper argues that preconditions for welfare benefit entitlements based on labour market prospects can be counterproductive when they create an incentive for individuals to abstain from any investment earlier in life ...
Bhaskar and To (1999) develop a model of monopsonistic competition and solve explicitly for equilibrium. While a minimum wage set just above the unconstrained optimum leads firms to increase employment it also causes firm ...
Various reasons have been put forward to explain the stylized fact that the wages of job starters are more procyclical than the wages of workers who don’t change jobs. I explore the theoretical and empirical basis for one ...
Most theories of involuntary unemployment predict that the equilibrium wage in the labor market will be greater than the reservation wage of the unemployed. These theories concentrate on explaining why the labor market ...
Walsh, Frank(University College Dublin. School of Economics, 2000-11)
Wallers (1989) model which incorporates an effort augmented production function into a
traditional Keynesian analysis of supply and demand shocks is generalised by not
restricting the elasticity of substitution between ...
In a model with rigid nominal wages, full information and competitive product markets, I show that when an effort augmented production function is incorporated into an analysis of supply and demand shocks, the outcomes are ...
Many economics theories suggest that the assignment of workers to occupations changes over the business cycle: expansions allow workers to upgrade to occupations that pay higher wages and require more skill. This paper ...
About half of all vacancies are filled through networks of personal contact. We consider the Arrow–Loury conjecture that such labor market networks exacerbate inequality. Our central result is that referral networks display ...
This paper examines the two-sector general equilibrium model under a variety of labor-market distortions, including minimum wages and factor price differentials (both absolute and proportional). We introduce a new concept ...