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Based on a large employer-employee matched data set, the paper investigates the effects of variable enforcement of German dismissal protection legislation on the employment dynamics in small establishments. Specifically, using a difference-in-differences approach, we study the effect of changes...
Persistent link: https://www.econbiz.de/10005822158
This paper investigates the role of policies and institutions for aggregate labour market dynamics during the recent …
Persistent link: https://www.econbiz.de/10010659261
labor market institutions may sometimes favor physical and human capital investments in second-best environments. …
Persistent link: https://www.econbiz.de/10010812512
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring cost and constant returns of labor, the bargaining...
Persistent link: https://www.econbiz.de/10005703320
This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages … individuals do not search for jobs when non-employed. Facing changes in the value of inactivity, individuals transit through three …
Persistent link: https://www.econbiz.de/10005763713