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Employment Protection and Globalization in Dynamic Oligopoly

Dewit, Gerda; Leahy, Dermot; Montagna, Catia - C.E.P.R. Discussion Papers - 2003

We construct a model in which oligopolistic firms decide where to locate. Firms choose to locate either in a country where employment protection implies costly output adjustments or in one without adjustment costs. Using a two-period three-stage game with uncertainty it is demonstrated that...

Persistent link: https://www.econbiz.de/10005656238

Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?

Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2005

catching up to the (world) efficiency standard given by foreign-owned firms; and the distance of the Russian firms to the … implementations of the Washington Consensus policies have thus not enabled domestic firms to start catching up to the world standard …

Persistent link: https://www.econbiz.de/10005792168

Regulation And Labour Market Performance

Boeri, Tito; Nicoletti, Giuseppe; Scarpetta, Stefano - C.E.P.R. Discussion Papers - 2000

The increasing literature on the interactions between liberalization-integration of product markets and labour market reforms is often highly speculative and draws on a rather weak empirical basis. Cross-country indicators of regulatory frameworks are often lacking, making it difficult to...

Persistent link: https://www.econbiz.de/10005662218

The Unemployment Implications of Mandatory Firing Costs

Booth, Alison L - C.E.P.R. Discussion Papers - 1994

The model developed in this paper examines the relationship between firing costs and unemployment in a simple two-period model with uncertainty. Where there are long-term employment relationships, and where risk-averse workers and risk-neutral firms bargain over wages and firing costs, average...

Persistent link: https://www.econbiz.de/10005666736

Does the Market Provide Sufficient Employment Protection?

Burguet, Roberto; Caminal, Ramon - C.E.P.R. Discussion Papers - 2004

This Paper examines the role of employment protection when firms learn over time about the value of the match. When parties can commit to future wages, equilibrium contracts stipulate positive severance payments as an instrument to induce efficient lay-off decisions and there is no room for...

Persistent link: https://www.econbiz.de/10005789192

The Rise and Persistence of Rigidities

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1997

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

Rhineland Exit?

Bovenberg, A Lans; Teulings, Coen N - C.E.P.R. Discussion Papers - 2008

We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle about the ultimate goal of the company....

Persistent link: https://www.econbiz.de/10005791558

Does the welfare state make older workers unemployable?

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2009

This paper discusses the specificities of the labor market for older workers. It discusses the implications of those … specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment … provides some evidence on the impact of labor market institutions on older workers by comparing their outcome in the United …

Persistent link: https://www.econbiz.de/10008506842

Employment protection versus flexicurity: on technology adoption in unionised firms

Lommerud, Kjell Erik; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2010

We analyse how different labour market institutions--employment protection versus ‘flexicurity’--affect technology adoption in unionised firms. We consider trade unions’ incentives to oppose or endorse labour-saving technology and firms’ incentives to invest in such technology. Increased...

Persistent link: https://www.econbiz.de/10008554238

Employment Protection, Technology Choice, and Worker Allocation

Bartelsman, Eric J; de Wind, Joris; Gautier, Pieter A - C.E.P.R. Discussion Papers - 2010

Using a country-industry panel dataset (EUKLEMS) we uncover a robust empirical regularity, namely that high-risk innovative sectors are relatively smaller in countries with strict employment protection legislation (EPL). To understand the mechanism, we develop a two-sector matching model where...

Persistent link: https://www.econbiz.de/10008468571

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