Showing 1 - 10 of 107
This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly … sharing and the Full flexibility scenarios. She finds that the 2012 reform preserves employment and generates a 1.72% increase … in productivity. In the work sharing scenario, the increase in employment (1.86%) comes at the expense of a lower …
Persistent link: https://www.econbiz.de/10010956138
Skill-biased technical change is identified as the driving force behind the changing skill composition in OECD countries rather than structural change. The finding is partly the result of the sectoral view taken. This paper suggests a different view which uses the production process as a...
Persistent link: https://www.econbiz.de/10009276245
The secular shift in labor demand from unskilled to skilled labor is explained within a model that is solved numerically. There are three branches producing a basic good, a differentiated luxury good, and an intermediate service. Production is more skill-intensive in the luxury good and the...
Persistent link: https://www.econbiz.de/10005755135
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While the frictionless view implies a clear...
Persistent link: https://www.econbiz.de/10005755272
We show how time-dependent macroeconomic response follows from microeconomic dynamics using linear response theory and a time-correlation formalism. This theory provides a straightforward approach to time-dependent macroeconomic model construction that preserves the heterogeneity and complex...
Persistent link: https://www.econbiz.de/10005097460
on the positive and negative effect of intra-firm exports and imports respectively, on aggregate employment. The former …
Persistent link: https://www.econbiz.de/10010886831
The Nordic countries are known for their success in combining an extensive welfare state with high labor force participation. This is explained by the origins of their welfare states that can be traced to a unique set of values and beliefs that emphasize the right of women to participate in the...
Persistent link: https://www.econbiz.de/10010956120
This paper studies the employment effects of the influx of millions of German expellees to West Germany after World War … West Germany. We find a substantial negative effect of expellee inflows on native employment. The effect was, however …
Persistent link: https://www.econbiz.de/10009276115
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
We explore the far-reaching implications of low-wage subsidies on skill formation, aggregate employment and welfare …. Low-wage subsidies have three important effects. First, they promote employment of low-skilled workers (who tend to be the … reduce the incentive to become skilled. So they increase the low-skilled labor force which faces a relatively low employment …
Persistent link: https://www.econbiz.de/10005103185