Similar Search Results

Wage Inequality and Unemployment: US vs Europe

Bertola, Giuseppe; Ichino, Andrea - C.E.P.R. Discussion Papers - 1995

The radical liberalization of foreign trade in Central and Eastern Europe since 1989 has been a key part of the economic reform and has been accompanied by a full-scale geographical reorientation of international trade from East to West. Increased trade with the EU has been associated with...

Persistent link: https://www.econbiz.de/10005666603

Flexibility, Investment and Growth

Bertola, Giuseppe - C.E.P.R. Discussion Papers - 1990

This paper proposes a model of endogenous growth with diversifiable uncertainty, irreversible investment decisions and imperfect labour mobility. Obstacles to labour reallocation lower the operating profits earned by existing firms and increase the cost of creating new ones, thus reducing...

Persistent link: https://www.econbiz.de/10005667014

Labour Turnover Costs and Average Labour Demand

Bertola, Giuseppe - C.E.P.R. Discussion Papers - 1991

The effect of labour turnover costs on average employment in a partial equilibrium model of labour demand, depends on the form of the revenue function, on the rates of discount and labour attrition, and on the relative size of hiring and firing costs. If discount and attrition rates are strictly...

Persistent link: https://www.econbiz.de/10005791291

Changes in Job Security and their Causes: An Empirical Analysis for France, 1982-2002

Givord, Pauline; Maurin, Eric - C.E.P.R. Discussion Papers - 2003

In this Paper, we analyse the changes in the risks of involuntary job loss in France between 1982 and 2002. We find that these risks are higher in the 1990s than they were in the 1980s. We develop an econometric analysis to separate the effects of institutional changes from the effects of new...

Persistent link: https://www.econbiz.de/10005123833

Employment, Macroeconomic Fluctuations and Job Security

Díaz-Vázquez, María del Pilar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996

The paper explores the influence of job security provisions on employment and unemployment. We show that this influence depends on the persistence of the macroeconomic fluctuations to which the labour market is exposed, and on employees’ bargaining power in wage negotiations. Specifically,...

Persistent link: https://www.econbiz.de/10005124142

Job Insecurity and Youth Emancipation: A Theoretical Approach

Becker, Sascha O.; Bentolila, Samuel; Fernandes, Ana; … - C.E.P.R. Discussion Papers - 2005

In this paper, we propose a theoretical model to study the effect of income insecurity of parents and offspring on the child's residential choice. Parents are partially altruistic toward their children and will provide financial help to an independent child when her income is low relative to the...

Persistent link: https://www.econbiz.de/10005136623

Youth Emancipation and Perceived Job Insecurity of Parents and Children

Becker, Sascha O.; Bentolila, Samuel; Fernandes, Ana; … - C.E.P.R. Discussion Papers - 2005

The age at which children leave the parental home differs considerably across countries. In this paper we argue that lower job insecurity of parents and higher job insecurity of children delay emancipation. We provide aggregate evidence which supports this hypothesis for 12 European countries...

Persistent link: https://www.econbiz.de/10005136729

Job Protection Laws and Agency Problems Under Asymmetric Information

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2004

Under symmetric information, a job protection law that says that a principal who has hired an agent today must also employ them tomorrow can only reduce the two parties’ total surplus. The law restricts the principal’s possibilities to maximize their profit, which equals the total surplus,...

Persistent link: https://www.econbiz.de/10005656330

Working in Public and Private Firms

Corneo, Giacomo; Rob, Rafael - C.E.P.R. Discussion Papers - 2001

We develop a theoretical framework for comparing the style of work in public and private enterprises. We incorporate ‘socializing’, as an activity that yields utility for workers and affects a firm’s output, into a simple multitask model of work organization. In contrast with previous...

Persistent link: https://www.econbiz.de/10005791698

Executive Compensation as an Agency Problem

Bebchuk, Lucian Arye; Fried, Jesse - C.E.P.R. Discussion Papers - 2003

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …

Persistent link: https://www.econbiz.de/10005662270