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Over the past decade, the share of jobs not controlled by the state has increased considerably, whilst employment in … enforced remains to be seen. For the time being, de facto employment protection is far less than de jure, with an enduring … wages, nor are they effectively enforced. During the recent slowdown, average wages adjusted rapidly and employment was soon …
Persistent link: https://www.econbiz.de/10008480477
I generalize the canonical model--in which relative supply and demand for worker skills shape the skill premium--incorporating monopsony power, minimum wages, and unemployment. I estimate the extended canonical model using national data and, separately, state-level data. I show that...
Persistent link: https://www.econbiz.de/10013334528
This Paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on …-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over …
Persistent link: https://www.econbiz.de/10005123858
Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric--making unlicensed workers an illegal substitute for licensed workers but not the reverse. We test our hypothesis using a difference-in-differences event study research design...
Persistent link: https://www.econbiz.de/10014544764
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10011539874
Over the past decade, the share of jobs not controlled by the state has increased considerably, whilst employment in … enforced remains to be seen. For the time being, de facto employment protection is far less than de jure, with an enduring … wages, nor are they effectively enforced. During the recent slowdown, average wages adjusted rapidly and employment was soon …
Persistent link: https://www.econbiz.de/10012444601
This paper extends the literature on monopsony and labor market concentration by taking a task-based approach and estimating the causal effect of concentration in the demand for skills on labor market outcomes. The prior literature has focused on industry and occupation concentration and likely...
Persistent link: https://www.econbiz.de/10013537717
As part of a more general process of employment reallocation from less to more productive employers, jobto- job flows …
Persistent link: https://www.econbiz.de/10011433268
firms. In renegotiation proof employment con- tracts, more productive firms provide more training. Both general and specific …
Persistent link: https://www.econbiz.de/10011585846
This paper combines on-the-job search and human capital theory to study the coexistence of firm-funded general training and frequent job turnovers. Although ex ante identical, firms differ in their training decisions. The model generates correlations between various firm characteristics that are...
Persistent link: https://www.econbiz.de/10008691692