Showing 1 - 10 of 9,232
Recent findings have revived interest in the link between real wage rigidity and employment fluctuations, in the …
Persistent link: https://www.econbiz.de/10012465625
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...
Persistent link: https://www.econbiz.de/10012467955
This paper studies the employment, productivity and welfare implications of new Chinese labor regulations intended to … protect workers' employment conditions. We estimate a general equilibrium model of costly labor adjustment from data prior to … payments lead to a sizable increase in firm size, lower aggregate employment, a significant reduction in labor reallocation, an …
Persistent link: https://www.econbiz.de/10012459337
long-horizon aggregate employment growth. Consistent with this logic, we document that long-horizon payroll growth and …
Persistent link: https://www.econbiz.de/10012463430
This paper presents a model in which a partially anticipated technological shock results, in the short-run, in lower investment and higher unemployment. Because of the expectation of future lower profits, the market value of existing firms --and the wages they pay-- decrease before the...
Persistent link: https://www.econbiz.de/10012470709
present a theoretical overview of the effects of health insurance on mobility and wage/employment determination. I critically …
Persistent link: https://www.econbiz.de/10012472051
uses microeconomic data to examine the employment consequences of unionization. The paper addresses this issue with a new … association between poor employment performance and the presence of trade unions. The union employment growth differential is …
Persistent link: https://www.econbiz.de/10012475861
Demographic differences in patterns of employment variation over the business cycle are examined in this paper. Three … in the labor market. Second, young people bear a disproportionate share of cyclical employment variation. Third, failure …
Persistent link: https://www.econbiz.de/10012478622
Why and when could basic income inhibit employment? We randomize 200 dollars of basic income per month for two years …-group employment decreases by 58%, average all-source income remains constant, and health-investment rates increase. In the longer term … (1.25 years after baseline), employment and health-investment rates revert to their control-group counterparts. Treatment …
Persistent link: https://www.econbiz.de/10015421841
In an economy with imperfect labor contracts, differences in the distribution of human capital are an independent source of comparative advantage. I study a world economy with two sectors, one where output is produced by teams and another where individuals can work alone. When workers' abilities...
Persistent link: https://www.econbiz.de/10012471910