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The main questions addressed in this paper are: First, how did labour markets in the Visegrad countries react to the breakdown of a command economy and the transformation to a market economy? Second, which way ahead is likely, or to put it differently, what should be done now to improve...
Persistent link: https://www.econbiz.de/10005067622
The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...
Persistent link: https://www.econbiz.de/10005791663
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employment flows are similar in the two continents. In the model, firms use discretion in terms of whom...
Persistent link: https://www.econbiz.de/10005124276
dismissal costs. We exploit the fact that costs for unjust dismissals in Italy increased for firms below 15 employees relative … to bigger firms after 1990. We find that the increase in dismissal costs after 1990 decreased accessions and separations … increase in dismissal costs had smaller effects on turnover for women in sectors faced with strict product market regulations. …
Persistent link: https://www.econbiz.de/10005497786
on worker and job flows. We exploit the fact that this reform increased unjust dismissal costs for firms below 15 … employees, while leaving dismissal costs unchanged for bigger firms, to set up a natural experiment research design. We find … that the increase in dismissal costs decreased accessions and separations for workers in small relative to big firms …
Persistent link: https://www.econbiz.de/10005504357
This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses its extensions, presents alternative formulations, considers the empirical evidence, and studies applications to macroeconomic questions such as business cycles, growth, and...
Persistent link: https://www.econbiz.de/10005792066
This paper forms part of a larger Australian Research Council funded project designed to encrease our understanding of labour mobility and its determinants and , in particular, to trace the importance, strength and the effects of technological change on sectoral, occupational and inter-regional...
Persistent link: https://www.econbiz.de/10005032859
We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the max-mean wage differential. The latter measure of...
Persistent link: https://www.econbiz.de/10008854483
A model of the labour market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment equilibrium coexisting with a high-quits/low-unemployment...
Persistent link: https://www.econbiz.de/10005791589
This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible. There are two types of workers, the skilled and the unskilled. The model is used to analyse whether technological advances may have increased unemployment, and shows that this is...
Persistent link: https://www.econbiz.de/10005666594