منابع مشابه
Risk Sharing in Economies with Incomplete Markets
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متن کاملFinancial Markets and International Risk Sharing
Panel analysis of 20 industrial countries shows evidence for pro-cyclicality of capital gains on domestic stock markets in particular over a medium term horizon. Thus, with cross-border ownership of portfolio equity investments, potential for international smoothing of domestic output fluctuations by means of the capital gains channel is found. Individual country analysis reveals substantial he...
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Overlapping labour markets arise when some types of workers do not meet employers with some types of jobs. For example, skilled workers could seek high-skill or low-skill jobs, but low skill workers could be limited to low-skill jobs. The paper derives conditions for equilibrium and efficiency, distinguishes reducible from irreducible overlapping labour markets, and describes distributional imp...
متن کاملThe Role of Profit Sharing in Dual Labour Markets with Flexible Outsourcing
The Role of Profit Sharing in Dual Labour Markets with Flexible Outsourcing We combine profit sharing for high-skilled workers and outsourcing of low-skilled tasks in partly imperfect dual domestic labour markets, when the wage rate for low-skilled worker is set by a labor union, to analyze how the implementation of profit sharing influence flexible outsourcing and low-skilled labour market out...
متن کامل1 . The Role of Profit Sharing in Dual Labour Markets with Flexible Outsourcing
We analyse the following question associated with flexible outsourcing under partly imperfect dual domestic labour markets, where skilled workers participate in a firm’s profit: First, how does the implementation of profit sharing influence flexible outsourcing and low-skilled wage and thus how does it affect employment? Second, how do the outsourcing costs affect the low-skilled wage? We show ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.455880