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Flexibility vs. Rigidity: Does Spain have the worst of both Worlds?

Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2000

In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the jon loss rate is much...

Persistent link: https://www.econbiz.de/10005703292

Endogenous Indoctrination: Occupational Choice, the Evolution of Beliefs, and the Political Economy of Reform

Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2009

to learn from experience is itself affected by economic institutions. A society which does not trust markets is more … institutions reinforce each other in slowing or preventing people from learning the correct underlying parameters. …

Persistent link: https://www.econbiz.de/10008506888

Dismissal Protection and Worker Flows in Small Establishments

Bauer, Thomas K.; Bender, Stefan; Bonin, Holger - Institute for the Study of Labor (IZA) - 2004

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

Some Thoughts on Macroeconomic Fluctuations and the Timing of Labor Market Reform

Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2002

In this paper, I analyze the pros and cons of implementing structural reforms of the labor market in booms vs. recessions, in light of considerations of social efficiency, political viability, and macroeconomic fine tuning. While the optimal timing of a reform depends on the relative importance...

Persistent link: https://www.econbiz.de/10005761804

Adjustment Dynamics and the Natural Rate: An Account of UK Unemployment

Henry, Brian; Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999

This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment … over the past 25 years are due predominantly to movements in the underlying empirical "natural rate of unemployment" (NRU … unemployment are due, instead, to very prolonged after-effects of persistent (transitory but long-lasting) shocks. We argue that (a …

Persistent link: https://www.econbiz.de/10005763790