On an otherwise symmetric oligopoly market with stochastic demands for heterogeneous products firms can either hire an employee or partner or buy the required labor input on the labor market. Whereas the wage of hired labor does not depend on the realization of stochastic demand, the price of bought labor input reacts positively to product demand. We first solve the market by deriving the equil...

In recent years, a number of online labor markets have emerged that allow workers from around the world to sell their labor to an equally global pool of buyers. The creators of these markets play the role of labor market intermediary by providing institutional support and remedying informational asymmetries. In this paper, I explore market creators’ choices of price structure, price level and i...

The large influx of immigrants in recent decades has led to an equally long debate over their effect on the labor market outcomes of native-born workers. Economic theory posits that an increase in the supply of labor, such as from immigration, will reduce the wage employers are willing to pay all workers (native-born and foreign-born) in a given labor market. As a result, some of the workers wh...

This study examines, empirically, the influence of household structure on labor market participation in Nigeria. The study made use of the data collected by the defunct National Manpower Board in 2005 in the Nigerian Labor Market Survey conducted that year. The study establishes the relative importance of the household structure in influencing labor force participation of household members whil...

Studying Labor Market Institutions in the Lab: Minimum Wages, Employment Protection and Workfare A central concern in economics is to understand the interplay between institutions and labor markets. In this paper we argue that laboratory experiments are a powerful tool for studying labor market institutions. One of the most important advantages is the ability to implement truly exogenous instit...

The same forces that lead to changes in participation in the labor market can also affect the extent of criminal activity. To analyze such interaction we construct a search-theoretic model where labor market participation, labor market outcomes and crime are determined jointly. The model is calibrated to US data focusing on females. The main finding is that changes affecting the labor market, s...

This article attempts to bridge and contribute to three related lines of inquiry: the effect of economic organization on cultural diversity; the origins of career specialism; and the contrast between market and firm as alternative modes of governance. In particular, I use the natural experiment engendered by the transformation of Hollywood from the firmbased studio system to the contemporary ma...

today, unemployment has become a major problem in national level as well as in yazd province. the presence of high unemployment has caused considerable amount of wastage of active human resources of the society which otherwise could have been used in various prosperous activities. as a result this situation may lead to poverty, corruption, unequal income distribution and other negative conseque...

abstract many scholars believe that investment in women’s education not only reduces the gender gap, but also improves and enhances the cultural and educational level of women in the society. furthermore, economists believe that women’s education has a positive effect on their participation in the labor market. education is amongst the most important factors which not only benefits the people ...