Labor market institutions and wage formation in an economy with search frictions:
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| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Erlangen ; Nürnberg
2016
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | xxvii, 181 Seiten Diagramme |
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| 245 | 1 | 0 | |a Labor market institutions and wage formation in an economy with search frictions |c vorgelegt von Benjamin Lochner, M.Sc. aus Nürnberg |
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Record in the Search Index
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| adam_text | Contents
1 Introduction 1
1.1 Background............................................................ 1
1.2 Outline and literature relation....................................... 4
2 Employment Protection in Dual Labor Markets 11
2.1 Introduction........................................................ 12
2.2 The Model............................................................ 14
2.2.1 Household..................................................... 15
2.2.2 Dual labor market ............................................ 16
2.2.3 Firms ...................................................... 19
2.2.4 Wage bargaining............................................... 22
2.2.5 Employment dynamics........................................... 23
2.2.6 Job destruction and creation conditions ...................... 24
2.2.7 Monetary authority and government ............................ 26
2.2.8 Aggregation.................................................. 27
2.3 Calibration strategy................................................ 27
2.3.1 Scenario A; Single-contract labor market...................... 28
2.3.2 Scenario B: Dual-contract labor market........................ 28
2.3.3 Benchmark economy ............................................ 29
2.4 Steady-state analysis.............................................. 31
2.4.1 Scenario A: Single-contract labor market...................... 31
2.4.2 Scenario B: Dual-contract labor market........................ 32
2.5 Model dynamics....................................................... 33
2.5.1 The benchmark model .......................................... 33
2.5.2 Effects of firing costs in the single- and dual-contract labor market 35
2.6 Relative unemployment volatility and comparison with the literature . 40
2.7 Empirics............................................................ 43
2.7.1 Related literature........................................... 43
2.7.2 Empirical approach............................................ 43
2.7.3 Estimation strategy for volatility............................ 44
xi
2.7.4 Results......................................................... 45
2.7.5 Robustness and sensitivity...................................... 47
2.8 Conclusion ........................................................... 50
Appendix to Chapter 2..................................................... 51
2,A Theoretical derivations............................................... 51
2.A.1 Wages........................................................... 51
2.A. 2 Surpluses ...................................................... 57
2.B Additional robustness analysis........................................ 61
2.B.1 Contract update probability ( £ ) . . .......................... 61
2.B.2 Variance of the distribution of idiosyncratic productivity (ac) . 61
2. C Empirical details..................................................... 64
3 History Dependence in Wages and Cyclical Selection 69
3.1 Introduction.......................................................... 70
8.2 Theoretical framework................................................. 73
3.2.1 Implicit contracts.............................................. 73
3.2.2 Cyclical job selection model.................................... 74
3.2.3 Model extensions................................................ 77
3.3 Empirical methodology................................................. 82
3.3.1 Estimation approach ............................................ 82
3.3.2 Data.......................................................... 83
3.4 Results............................................................... 85
3.4.1 Implicit contracts and cyclical selection...................... 85
3.4.2 Decomposition of match quality.................................. 87
3.4.3 Refined model................................................... 88
3.4.4 Job stavers and switchers ...................................... 90
V
3.5 Summary and discussion................................................ 94
Appendix to Chapter 3..................................................... 97
3. A Descriptives.......................................................... 97
3.B Detailed tables from the text.........................................103
4 Labor Market Sorting in Germany 107
4.1 Introduction......................................•.................108
4.2 Data..................................................................Ill
4.2.1 Data preparation................................................Ill
4.2.2 Residual wages................................................ 113
4.2.3 Firm data.......................................................115
xii
42.4 Matches........................................................115
4.3 Sorting theory........................................................116
4.4 Identifying sorting ................................................ 119
4.4.1 Motivation.....................................................119
4.4.2 Ranking workers................................................123
4.4.3 Ranking firms..................................................127
4.5 Labor market sorting in Germany......................................130
4.5.1 Sorting over time..............................................132
4.5.2 Sorting by education......................................... 135
4.5.3 Distributional dynamics........................................136
4.5.4 (Non-)Monotonicity of wages in firm types......................139
4.5.5 Wage inequality.............................................. 143
4.5.6 Sorting and domestic outsourcing...............................145
4.6 Conclusion............................................................149
Appendix to Chapter 4......................................................151
4. A Details of data preparation...........................................151
4.A.1 Education imputation ..........................................151
4.A.2 Wage imputation................................................152
4.B Further results ......................................................154
4.B.1 Rank correlations..............................................154
4.B.2 Distribution of observables across worker and firm birrs........155
4.B.3 Histograms and kernel density estimates........................157
4.B.4 Density differences............................................158
4.B.5 Wage dynamics..................................................159
4.C Robustness ......................................................... 160
4.C.1 Alternative firm ranking based on profits per worker......... 160
4.C.2 Rank correlations using the profit ranking.....................162
4.C.3 Main plots using the profit; ranking...........................163
5 Summary and Outlook 167
Bibliography 170
xiu
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| spelling | Lochner, Benjamin Verfasser aut Labor market institutions and wage formation in an economy with search frictions vorgelegt von Benjamin Lochner, M.Sc. aus Nürnberg Erlangen ; Nürnberg 2016 xxvii, 181 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier Dissertation Friedrich-Alexander-Universität Erlangen-Nürnberg 2016 Wiedereintritt (DE-588)4189827-8 gnd rswk-swf Volkswirtschaft (DE-588)4063885-6 gnd rswk-swf Arbeitsmarkt (DE-588)4002733-8 gnd rswk-swf Arbeitslosigkeit (DE-588)4002730-2 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Volkswirtschaft (DE-588)4063885-6 s Arbeitsmarkt (DE-588)4002733-8 s Arbeitslosigkeit (DE-588)4002730-2 s Wiedereintritt (DE-588)4189827-8 s UBLNIC Digitalisierung UB Bamberg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029360679&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Lochner, Benjamin Labor market institutions and wage formation in an economy with search frictions Wiedereintritt (DE-588)4189827-8 gnd Volkswirtschaft (DE-588)4063885-6 gnd Arbeitsmarkt (DE-588)4002733-8 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd |
| subject_GND | (DE-588)4189827-8 (DE-588)4063885-6 (DE-588)4002733-8 (DE-588)4002730-2 (DE-588)4113937-9 |
| title | Labor market institutions and wage formation in an economy with search frictions |
| title_auth | Labor market institutions and wage formation in an economy with search frictions |
| title_exact_search | Labor market institutions and wage formation in an economy with search frictions |
| title_full | Labor market institutions and wage formation in an economy with search frictions vorgelegt von Benjamin Lochner, M.Sc. aus Nürnberg |
| title_fullStr | Labor market institutions and wage formation in an economy with search frictions vorgelegt von Benjamin Lochner, M.Sc. aus Nürnberg |
| title_full_unstemmed | Labor market institutions and wage formation in an economy with search frictions vorgelegt von Benjamin Lochner, M.Sc. aus Nürnberg |
| title_short | Labor market institutions and wage formation in an economy with search frictions |
| title_sort | labor market institutions and wage formation in an economy with search frictions |
| topic | Wiedereintritt (DE-588)4189827-8 gnd Volkswirtschaft (DE-588)4063885-6 gnd Arbeitsmarkt (DE-588)4002733-8 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd |
| topic_facet | Wiedereintritt Volkswirtschaft Arbeitsmarkt Arbeitslosigkeit Hochschulschrift |
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