Sentence examples for models with labor from inspiring English sources

All these empirical findings can also be interpreted in light of models with labor market frictions, such as efficiency wages and search models, where labor demand increases lead to increases in wages even when there is unemployment (Albrecht et al. 2009; Meghir et al. 2015).

Shared rents associated with the formation of long-term employment relationships imply that the optimal policy entails fluctuations in after-tax real wages much larger than in models with neoclassical labor markets, in which no such rent-sharing margin exists.

In short, the impact of immigration on the average wage in a model with heterogeneous labor is identical to the impact of immigration on the wage in a model with homogeneous labor, as given by Equation (19 31.

Open image in new window Fig. 12 Hours worked in the model with low labor supply elasticity.

Verhoogen (2008) lays out a model with both labor heterogeneity and quality differentiation, which is closest to ours.

In Section 2, we propose a general private provision of public goods model with endogenous labor supply and discuss its implications.

Although the performance of the model with low labor supply elasticity in capturing the fall in hours worked in Spain in Fig. 12 is not as impressive as the results for the model with a higher labor supply elasticity, reported in Figs. 6 and 9, the results still show the importance of increasing taxes in accounting for Spanish labor market outcomes.

We consider an overlapping generations model with endogenous labor supplies by young and old and a human capital accumulation process that relies on the interaction of these two types of labor.

FiMod is a two-country monetary union DSGE model with frictional labor markets and a comprehensive fiscal block that includes a wide range of taxes and disaggregation of government spending.

In a real business cycle model with competitive labor markets and lump-sum taxation, Finn (1998) suggests that an increase in government employment could lead to lower private sector employment (if the wealth effect is small) and higher real wages as well as lower private sector hours, output and investment.

Consistent with labor supply models, there is empirical evidence suggesting that long-term sick leave is not an expression of withdrawal behaviors such as lateness, shorter sick leave, or reduced performance at work; on the contrary, longer spells are more frequently associated with serious illness rather than reduced commitment and motivation [ 57, 58].