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We exploit homogeneous firm level data of manufacturing and non-manufacturing sectors to study the impact of firing restrictions on job flow dynamics across 14 European countries. We find that more stringent firing laws dampen the response of job destruction to the cycle, thus making job...
Persistent link: https://www.econbiz.de/10010267565
interdependencies with the labor market situation in Europe. We place particular emphasis on the issue of non-competitive wage setting …
Persistent link: https://www.econbiz.de/10010261652
while considered as extremely large in the public debate in Europe. The main argument is based on a fundamental property of …. Two sets of implications are then derived: on one hand, mobility costs are high in Europe and transitions between steady …-states has especially strong adverse effects. Jobs endogenously last longer in Europe than in the US, but when they are destroyed …
Persistent link: https://www.econbiz.de/10010262696
Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on reported satisfaction with life it is...
Persistent link: https://www.econbiz.de/10010267293
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over …
Persistent link: https://www.econbiz.de/10010272949