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. Buyouts reduce agency problems, which triggers automation, offshoring, and tougher bargaining with labor unions. We show that …
Persistent link: https://www.econbiz.de/10011262892
employment and unemployment over the business cycle are more uncertain. Exploitation of partial reforms and the use of micro data … in recent research appear not to have affected results regarding employment and unemployment in any systematic way …
Persistent link: https://www.econbiz.de/10008861888
, little is known about the impact of institutional quality on offshoring. This is surprising, given that offshoring has become … between institutional quality and offshoring. The results suggest that weak institutions are negatively related to offshoring … in general and to offshoring of R&D-intensive goods in particular. Furthermore, firms that are able to establish long …
Persistent link: https://www.econbiz.de/10010555254
We analyze the effects of offshoring of intermediate input production on labor demand in Sweden, distinguishing between … offshoring -- in particular to low-income countries -- tends to shift labor demand away from workers with an intermediate level … of education. Offshoring to high-income countries, which is the largest component of overall offshoring, does not have …
Persistent link: https://www.econbiz.de/10005645415
There are several theoretical accounts of public sector outsourcing. We note that leading theories give different … predictions of the influence of political variables and test the predictions on a Swedish data set in which outsourcing varies … suggests that the political color of the ruling majority matters for outsourcing, which is consistent with the citizen …
Persistent link: https://www.econbiz.de/10009251245
The make-or-buy decision is analyzed in a simple framework combining contractual incompleteness with the existence of imperfect but contractible performance measures. Contractual incompleteness gives rise to two regimes, identified with make and buy. The performance measure on which...
Persistent link: https://www.econbiz.de/10008502563
The make-or-buy decision is analyzed in a three-layer principal-management-agent model. There is a cost-saving/quality tradeoff in effort provision. The principal chooses between employing an in-house management and contracting with an independent management; the cost-saving incentives facing...
Persistent link: https://www.econbiz.de/10005645337
We survey the literature on the effects of public sector outsourcing. Guided by theory, we systematically arrange … indicates that public sector outsourcing generally reduces costs without hurting quality. This is clearly the case for … “perfectly contractible services” like garbage collection, but outsourcing often seems to work reasonably well also for some …
Persistent link: https://www.econbiz.de/10009147384
explanatory unemployment variable in the Phillips relation is intuitively to be regarded as an indicator of labour scarcity … intermediate step between unemployment and wage inflation. Contributions by Kuh, Solow and Stiglitz in the late sixties follow this …, it is hard to derive the desired result that the wage share increases when unemployment falls. Monopolistic price …
Persistent link: https://www.econbiz.de/10011019057
How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive … in his Nobel lecture? <p> In this paper inflation is introduced into a general equilibrium search unemployment model. We …
Persistent link: https://www.econbiz.de/10011019058