WorldCat Identities
Fri Mar 21 17:13:13 2014 UTClccn-nr990115720.47Higher education levels, firms' outside options and the wage structure /0.650.93État moderne , État efficace : évaluer les dépenses publiques pour sauvegarder le modèle français /61857466nr 990115724963242Wasmer, E. 1970-lccn-no97038536Garibaldi, Pietro1968-edtviaf-32330202Brunello, Giorgioedtlccn-n84135643Centre for Economic Policy Research (Great Britain)lccn-n91075591Cahuc, Pierrelccn-no96054396Zenou, Yveslccn-nr2006009889Lamo, Analccn-n2005044452Messina, Juliánlccn-n2012046357Ferracci, Marclccn-nr91035217London School of Economics and Political ScienceCentre for Economic Performancenp-janiak, alexandreJaniak, AlexandrecreWasmer, EtienneEurope--European Union countriesHuman capitalTrainingEducationFranceEconomic policyBudget--EvaluationExpenditures, Public--EvaluationFinance, Public--EvaluationLabor marketUnited StatesEconomicsSkilled labor--Supply and demandWagesJob huntingLabor market--Econometric modelsUnemployment--Regional disparities--Econometric modelsJob hunting--Econometric modelsEmployment (Economic theory)Labor mobilityWage differentialsJob vacanciesManpower policyOECD countriesEmployees--Training ofFrictional unemploymentCommuting--CostsCanadaStress (Physiology)Job stressJob security--Law and legislationMoving, Household--CostsLaborCapital investmentsEuropeEmployer-supported educationOccupational trainingCredit--Econometric modelsMonetary policy--Econometric modelsUnemployment--Econometric modelsEducation--Aims and objectivesBusiness and educationJob hunting--Mathematical modelsEquilibrium (Economics)--Mathematical models1970199619971998199920002001200220032004200520062007200820092010201120122013113786280331.11HD4904.7ocn470943263ocn815546757ocn456134875ocn723808775ocn724019657ocn72379325825918ocn076935621book20040.81Brunello, GiorgioEducation and training in EuropeFocusing on the accumulation of human capital from two perspectives, through formal education and then professional training, this book provides a summary of the characteristics of education and training in Europe and also asks key questions about the problems with the current educational and training systems+-+22456744651354ocn690455767book20100.59Wasmer, EtiennePrincipes de microéconomie méthodes empiriques et théories modernes444ocn780306774book20110.93Ferracci, MarcÉtat moderne , État efficace : évaluer les dépenses publiques pour sauvegarder le modèle français373ocn758642523book20100.63FranceLes mobilités des salariésCe rapport montre, chiffres à l'appui, que la flexibilité des emplois s'est développée en France de façon significative, renforcée par différentes voies (essor de l'intérim, des CDD, etc.). Subsiste en revanche une insuffisance de la mobilité des salariés. Des mesures visant à développer les mobilités choisies et à renforcer les compétences générales plutôt que spécifiques sont proposées.--Memento3612ocn049907864book20000.53Wasmer, EtienneThe macroeconomics of labour and credit market imperfectionsLabor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market imperfections interact in a complementary way - which may explain why European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To develop this idea, we build a search model that treats credit and labor market imperfections in a symmetrical way. We introduce specificity in credit relationships, and assume that credit to potential entrepreneurs is rationed due to endogenous search frictions, in the spirit of Diamond (1990). These imperfections mirror the job search frictions that we introduce, à la Mortensen- Pissarides (1994), in the labor market3515ocn043974906book19980.56Wasmer, EtienneLabor supply dynamics, unemployment and human capital investments339ocn244044403com20060.53Wasmer, EtienneThe economics of Prozac: Do employees really gain from strong employment protection?3012ocn047311668book20010.56Cahuc, PierreLabour market efficiency, wages and employment when search frictions interact with intrafirm bargainingIn search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring cost and constant returns of labor, the bargaining power of employees allows them to get rents and gives rise either to overemployment or to under-employment compared with the first-best. On the other hand, in Stole and Zwiebel's theory of intrafirm bargaining with no hiring cost and decreasing returns of labor, the bargaining power of employees does not allow them to get rent and always gives rise to over-employment. In this paper, we try to reconcile the approaches. A simple matching model with large firms and diminishing marginal productivity of labor allows us to show that the two limit cases described above yield a mix of robust and non robust results: In the most general case, employees get rents and there is more frequently over employment compared to the efficient allocation than in the standard search-matching model3011ocn047311619book20010.50Wasmer, EtienneBetween-group competition in the labour market and the rising returns to skill : US and France 1964-2000This paper describes the changes in the composition of the labor force in the last 35 years and quantifies the substitution of low education / high experience workers by low experience / high education workers by using US and French microdata. The consequences of this substitution on the wage structure are then investigated. In the US, labor supply changes can explain the changes in returns to experience. It also accounts for a part of the increase in returns to education between 1980 and 2000, between 8% and 20% depending on the specification. These results rely on panel estimates of a useful concept: the elasticity of substitution between experience and education, which is found to be less than half. In France, the covariations of prices and the supply of skills are consistent with a pure labor supply explanation. Methodologically, the paper shows that the use of a stock measure of efficient units of skills is better than flow measures (e.g. cohort size). It also allows to analyze the consequences of rising female labor participation267ocn066087974book20060.63Lamo, AnaAre specific skills an obstacle to labor market adjustment? : theory and an application to the EU enlargement258ocn268939074book20060.59Janiak, AlexandreMobility in Europe : why it is low, the bottlenecks, and the policy solutions"This report studies how adjustments in the European labour markets are a major source of economic resilience and integration. As such, they warrant in-depth understanding and close monitoring in the specific context of Eurozone and national fiscal policies.."--Publication information page237ocn049411102book20010.47Rosén, AsaHigher education levels, firms' outside options and the wage structure237ocn052119373book20030.59Wasmer, EtienneInterpreting European and US labour market differences : the specificity of human capital investments204ocn692302572com20060.47Lamo, AnaAre Specific Skills an Obstacle to Labor Market Adjustment?We argue that the existence of large amounts of specific human capital makes costly and slows down the adjustment in the labor market after large reallocation shocks. To illustrate this point we build a theoretical framework in which young agents’ career is heavily determined by initial education, and analyze the transition to a new steady-state after a sectoral demand shift. An interesting case study is the EU enlargement, which led to modernization of many sectors in eastern countries and to a fast decline of traditional industries. Using labor force data from a large economy with rigid labor markets, Poland, and a small open economy with increased flexibility, Estonia, we document and find support for our claim. Quantitative exercises suggest that the overspecializaton of the labor force in Poland explain to a large extent the much higher and persistent unemployment compared to Estonia during the period of EU enlargement2011ocn057332084com20040.66Wasmer, EtienneEquilibrium search unemployment with explicit spatial frictions"Assuming that job search efficiency decreases with distance to jobs, workers' location in a city depends on spatial elements such as commuting costs and land prices and on labour elements such as wages and the matching technology. In the absence of moving costs, we show that there exists a unique equilibrium in which employed and unemployed workers are perfectly segregated but move at each employment transition. We investigate the interactions between the land and the labour market equilibrium and show under which condition they are interdependent. When relocation costs become positive, a new zone appears in which both the employed and the unemployed co-exist and are not mobile. We demonstrate that the size of this area goes continuously to zero when moving costs vanish. Finally, we endogeneize search effort, show that it negatively depends on distance to jobs and that long and short-term unemployed workers coexist and locate in different areas of the city"--Forschungsinstitut zur Zukunft der Arbeit web site194ocn253546503com20080.47David, QuentinLocal social capital and geographical mobility a theory183ocn253548900com20080.47David, QuentinLocal social capital and geographical mobility: some empirics and a conjecture on the nature of European unemployment187ocn037820124book19970.53Wasmer, EtienneCompetition for jobs in a growing economy and the emergence of dualism186ocn041833459book19990.70Wasmer, EtienneDoes space affect search? : a theory of local unemployment184ocn423834629com20090.47Rupert, PeterHousing and the labor market: time to move and aggregate unemploymentThe Mortensen-Pissarides model with unemployment benefits and taxes has been able to account for the variation in unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three times lower in Europe than in the U.S.). We build a model in which both unemployment and mobility rates are endogenous. Our findings indicate that an increase in unemployment benefits and in taxes does not generate a strong decline in mobility and accounts for only half to two-thirds of the difference in unemployment from the US to Europe. We find that with higher commuting costs the effect of housing frictions plays a large role and can generate a substantial decline in mobility. We show that such frictions can account for the differences in unemployment and mobility between the US and Europe+-+2245674465+-+2245674465Fri Mar 21 16:07:27 EDT 2014batch20237