Showing 1 - 10 of 305
This paper investigates the effects of firm entry deregulation. We exploit a recent reform that simplified business entry in Portugal as a quasi-natural experiment. We use cross-municipality-year variation in the implementation of the reform for identification. Using matched employer-employee...
Persistent link: https://www.econbiz.de/10011083872
We argue that the 1970s were characterized by attempts to maintain a cooperative, low unemployment equilibrium in the …, explains the initial rise in unemployment. The reduction in union power also helps to explain the acceleration in productivity …
Persistent link: https://www.econbiz.de/10005504742
the indirect wage effect resulting from lower unemployment risks and shorter spells in unemployment associated with higher … accounting for the effects of unemployment on individual wages using EU-SILC data. Across countries we find a high variation of … the effect of education on unemployment duration. Overall, the returns to education are estimated to be the highest in the …
Persistent link: https://www.econbiz.de/10009293660
The Swedish adult education program known as the Knowledge Lift (1997--2002) was unprecedented in its size and scope, aiming to raise the skill level of large numbers of low-skill workers. This paper evaluates the potential effects of this program on aggregate labour market outcomes. This is...
Persistent link: https://www.econbiz.de/10005123553
In a capitalist economy capitalists can sell their stake in a firm on the stock market whereas workers cannot sell their jobs. It is argued that when workers have some bargaining power this asymmetry in property rights leads to inefficiencies. The consequences of this are explored and certain...
Persistent link: https://www.econbiz.de/10005662149
In this paper, we construct a game form based on the constitutions of conciliation boards in the British coal industry and show how the induced game can be used to explain certain features of the wage negotiations for which the conciliation boards were responsible. In particular, we test various...
Persistent link: https://www.econbiz.de/10005666512
the opposite holds for nominal rigidity. Overall, the incidence of wage rigidity, which accelerates unemployment growth …
Persistent link: https://www.econbiz.de/10005666775
Most treatments of the Great Depression have focused on its onset and its aftermath. In contrast, we take a unified view of the interwar period. We look at the slide into and the emergence from the 1920-21 recession and the roaring 1920s boom, as well as the slide into the Great Depression after...
Persistent link: https://www.econbiz.de/10005497733
provide evidence for the theory (first advanced by Mancur Olson) that sharp institutional breaks are conducive to economic … that were not substantially more encompassing than before in the sense of Olson's theory. The paper proposes an alternative …
Persistent link: https://www.econbiz.de/10005497872
A theoretical model of collective wage bargaining is developed in which unions set wages and employers decide employment. A novel feature of the model is that the conventional expected utility calculus is replaced by one in which regret from failed wage bargains and jubilation from successful...
Persistent link: https://www.econbiz.de/10005497944