Similar Search Results

Labor Market Externalities of Pre-retirement Employment Protection

Chrostek, Paweł; Karbownik, Krzysztof; Myck, Michał - National Bureau of Economic Research - 2024

Using population-level administrative data, we study labor market externalities stemming from age-specific employment protection legislation (EPL) targeted towards older workers. Our results show no economically meaningful overall effects of the EPL on employment or earnings of either men or...

Persistent link: https://www.econbiz.de/10014528410

Financial Frictions, Investment and Tobin's q

Lorenzoni, Guido - 2007

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …

Persistent link: https://www.econbiz.de/10012465562

New Technologies and Jobs in Europe

Albanesi, Stefania; Silva, António Dias da; Jimeno, Juan F. - National Bureau of Economic Research - 2023

We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011- 2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased...

Persistent link: https://www.econbiz.de/10014322745

The Effect of Job Security Regulations on Labor Market Flexibility : Evidence from the Colombian Labor Market Reform

Kugler, Adriana - 2004

Job security provisions are widely believed to reduce dismissals and hiring. In addition, in developing countries job security is believed to reduce compliance with labor regulations and to increase informal activity. Reductions in dismissal costs are, thus, often advocated as a way to increase...

Persistent link: https://www.econbiz.de/10012468479

Does Employment Protection Inhibit Labor Market Flexibility? Lessons from Germany, France, and Belgium

Abraham, Katharine G. - 1993

Laws in most Western European countries give workers strong job rights, including the right to advance notice of layoff and the right to severance pay or other compensation if laid off. Many of these same countries also encourage hours adjustment in lieu of layoffs by providing prorated...

Persistent link: https://www.econbiz.de/10012474563

Deadwood Labor : The Effects of Eliminating Employment Protection

Saez, Emmanuel; Schoefer, Benjamin; Seim, David G. - National Bureau of Economic Research - 2023

We study the role of employment protection legislation (EPL) in boosting employment among older workers. Our analysis juxtaposes the quantitative employment gains with the qualitative "deadwood labor" problem that such gains entail. We do so by conducting a comprehensive analysis of the sharp...

Persistent link: https://www.econbiz.de/10014421222

Labor Regulations and European Private Equity

Bozkaya, Ant - 2009

European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance. Employment regulations more directly tax firms making frequent labor adjustments than other labor insurance mechanisms....

Persistent link: https://www.econbiz.de/10012463023

Investment-Cash Flow Sensitivities are not Valid Measures of Financing Constraints

Kaplan, Steven N. - 2000

Kaplan and Zingales [1997] provide both theoretical arguments and empirical evidence that investment-cash flow …

Persistent link: https://www.econbiz.de/10012471108

International Borrowing to Finance Investment

Engel, Charles - 1986

The motives of a small country for borrowing to purchase capital equipment on international markets are studied. The country produces tradable capital and a nontradable consumption good and borrows or lends capital to achieve higher levels of welfare. A shift in time-preference favoring future...

Persistent link: https://www.econbiz.de/10012477211

Financial Constraints, Asset Tangibility, and Corporate Investment

Almeida, Heitor - 2006

When firms are able to pledge their assets as collateral, investment and borrowing become endogenous: pledgeable assets … support more borrowings that in turn allow for further investment in pledgeable assets. We show that this credit multiplier … has an important impact on investment when firms face credit constraints: investment-cash flow sensitivities are …

Persistent link: https://www.econbiz.de/10012466582

1
2
3
4
5
6
7
8
9
10
Next
Last