Showing 1 - 10 of 266
We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this is sufficient to increase both, output and inflation persistence
Persistent link: https://www.econbiz.de/10005700592
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired … firing in recessions, while leaving hiring in booms unchanged. Thereby insider power reduces average employment. …
Persistent link: https://www.econbiz.de/10010983128
full Danish flexicurity set of policies (low employment protection, high unemployment benefits and workfare). Our results …
Persistent link: https://www.econbiz.de/10005079106
The theoretical predictions of how employment protection affects firm productivity are ambiguous. In this paper I study … the effect of employment protection rules on labor productivity using micro data on Swedish firms. A reform of the … employment protection rules in 2001 made it possible for small firms with less than eleven employees to exempt two workers from …
Persistent link: https://www.econbiz.de/10011261209
This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two … important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We …) improve employment and welfare, (b) do not raise earnings inequality and (c) are self-financing. This criterion enables us to …
Persistent link: https://www.econbiz.de/10005755178
This paper examines the interactions between employment and training policies. Their effectiveness in stimulating … income and employment may be interdependent for various important reasons. For example, the more employment policies … stimulate the employment rate, the greater the length of time over which workers use the human capital generated by training …
Persistent link: https://www.econbiz.de/10005755249
This paper uses the job creation and destruction model of the search and matching type proposed by García-Pérez and Osuna (2014) to study the effectiveness of subsidizing permanent job creation as a strategy to reduce labour market segmentation between permanent and temporary contracts. The...
Persistent link: https://www.econbiz.de/10011262996
contributes to creating competitive economic structures, employment and growth or whether it just fosters an exaggerated capital …
Persistent link: https://www.econbiz.de/10005755271
This paper analyzes the optimal adjustment strategy of an inventory-holding firm facing price- and quantity-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be costlessly adjusted, and the later model that includes...
Persistent link: https://www.econbiz.de/10005700577
This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data for UK manufacturing over eighty quarters it is...
Persistent link: https://www.econbiz.de/10005083405