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This paper develops a model of job creation and job destruction in a growing economy with embodied technical progress, that we use to analyze the political support for employment protection legislations such as the ones that are observed in most European countries. We analyze the possibility of...
Persistent link: https://www.econbiz.de/10005504439
business cycle theory. The second section deals with imperfect information as an impediment to finding work: search theory …, implicit contract theory, and efficiency wage theory. The third section concerns labour market institutions as sources of …
Persistent link: https://www.econbiz.de/10005497987
This paper develops a model of job creation and job destruction in a growing economy with embodied technical progress, that we use to analyze the political support for employment protection legislations such as the ones that are observed in most European countries. We analyze the possibility of...
Persistent link: https://www.econbiz.de/10005498176
This paper presents a wage series for unskilled English women workers from 1260 to 1850 and compares it with existing evidence for men. Our series cast light on long run trends in women’s agency and wellbeing, revealing an intractable, indeed widening gap between women and men’s remuneration...
Persistent link: https://www.econbiz.de/10011083583
In a model of horizontal matching on the labor market, we show that increasing workers’ bargaining power may increase some employers’ incentive to switch to new production activities. In particular, this could lead to (i) higher wages, (ii) more jobs, (iii) better jobs and (iv) higher...
Persistent link: https://www.econbiz.de/10011083931
consistent with the theory that trade-union wage rises for the less-skilled reduced employment. The most important difference is …
Persistent link: https://www.econbiz.de/10005656280
Using a unique eight-year data set, merging population census and national insurance data, the paper examines and compares patterns of wage mobility in Israel. First, the public and the private sectors are compared. Second, within each of these sectors, a distinction is made between sub-sector...
Persistent link: https://www.econbiz.de/10005662341
In this paper we argue that employment protection legislation is more likely to arise when the rents earned by the employed over their alternative wage is greater. The model explains why economies with greater real wage rigidity also have greater employment protection. The model also predicts...
Persistent link: https://www.econbiz.de/10005791239
An increase in youth unemployment and a bi-modal wage distribution in the United States have generated interest in the structure and performance of alternative labour markets. In particular, comparatively satisfactory outcomes in the German labour market are said to have been determined by the...
Persistent link: https://www.econbiz.de/10005792188
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