The paper builds on the baseline Goodwin (1967) model which describes the reserve army mechanism of capitalist economies. We add to this model segmented labor markets as described in Marx’s Capital, Vol.I. The model exhibits a unique steady state solution which depends on the speeds with which workers are pushed into or out of the labor market segments. We investigate the stability properties o...

The paper integrates marriage matching with a collective model of spousal labor supplies with public goods and full spousal risk sharing. The paper derives testable implications of how changes in marriage market conditions affect spousal labor supplies. The model motivates a sufficient statistic for marriage market tightness that is specific to the marital match and highlights several empirical...

All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission, provided that full credit including © notice is given to the source. Abstract Scholars interested in race inequality have been particularly attracted to network accounts of the stratifying effects of social networks in the labor market. A recurring theme in policy‐oriented resea...

The Gradual Transformation of Continental European Labor Markets: France and Germany Compared Germany and France are both Continental European welfare states with severe labor market problems such as low employment and high and persistent unemployment which can be explained by labor market institutions that inhibit labor market adaptability. This paper analyzes recent reforms in core areas such...

This study aims to examine how each cohort’s family formation is affected by labor market conditions experienced in youth in Japan. Although the deterioration in youth employment opportunities has often been blamed for Japan’s declining fertility rates, the effect of slack labor market conditions on fertility is theoretically unclear. We estimate the effects of regional labor market conditions ...

In a perfectly stationary physical environment of the labor market, moral hazard and optimal termination in long-term contracts can generate two-period and much longer cycles in employment and output, and in other aggregate activities, including the creation and destruction of jobs, and the flows of workers entering and exiting employment. This theory sheds light on the unemployment volatility ...

this study aimed at identifying required competencies for the labor market by the graduates majoring in the agricultural extension education field. the study population included undergraduates, faculty members, and employers, as related to bachelor level in three extension and education departments at bu ali sina, tehran, and shiraz universities of iran. the study has employed both quantitative...

We propose a simple model to assess the evolution of US labor share and how automation affects employment. In our model, heterogeneous firms may choose manual technology hire worker subject matching frictions. Alternatively, they an automated produce using only machines (robots). Our suggests that reduces but increases employment wages. Furthermore, market institutions are unlikely have played ...

The German Labor Market: Still Adjusting Badly? In the late nineties, Germany was often seen as a laggard with respect to labor market and welfare state reforms with institutional inertia being reflected in notoriously sluggish employment growth and rising unemployment. Recent years, however, saw a complex sequence of reforms with regard to labor market-related institutions such as labor market...

The study of labor market segmentation and the estimation of the deadweight loss due to policy distortions reflected in wage structures require analyses of labor force surveys. These data are increasingly available in most countries. But evaluations of labor market reforms are uncommon. The lack of documented labor market reforms may reflect the difficulty of reducing wage distortions by direct...