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Insurance Between Firms : The Role of Internal Labor Markets
Cestone, Giacinta - 2018
We investigate how internal labor markets (ILMs) affect labor adjustments and performance in business groups. We show that group-affiliated units faced with positive shocks to growth opportunities rely on the ILM to ensure swift hiring, especially of managers and other high-skilled workers. A...
Persistent link: https://www.econbiz.de/10012937605
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The Returns to Seniority in France (and Why are They Lower than in the United States?)
Beffy, Magali; Buchinsky, Moshe; Fougère, Denis; … - 2021
We estimate a model of the joint participation and mobility along with the individuals' wage formation in France. Our … using state of the art bayesian methods employing a long panel (1976-1995) for France. Our results clearly show that returns … rationale for this phenomenon. Specifically, in a low-mobility country such as France, there is little gain in compensating …
Persistent link: https://www.econbiz.de/10013318035