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Flexible repayment schedules allow borrowers to invest in profitable yet risky projects, but practitioners fear they erode repayment morale. We study repayment choices in rigid and flexible loan contracts that allow discretion in repayment timing. To separate strategic repayment choices from...
Persistent link: https://www.econbiz.de/10012219888
We theoretically analyse the effects of sick pay and employees' health on collective bargaining, assuming that individuals determine absence optimally. If sick pay is set by the government and not paid for by firms, it induces the trade union to lower wages. This mitigates the positive impact on...
Persistent link: https://www.econbiz.de/10011561099
We analyze the impact of the UK national minimum wage (NMW) on the employment of young workers. The previous literature …, we find a significant and negative employment effect for male workers at 21, which we believe to be an anticipation … effect on employment of young workers, with this effect possibly occurring already well in advance of reaching the threshold …
Persistent link: https://www.econbiz.de/10009764461
This paper considers the impact of taxation policy on market work. On the basis of the evidence, we find that a 10 percentage point rise in the tax wedge will reduce overall labour input provided via the market by around 2 per cent of the population of working age. The tax wedge is the sum of...
Persistent link: https://www.econbiz.de/10011404308
, generating spurious evidence that higher minimum wages reduce employment. Using minimum wage variation within contiguous county … pairs that share a state border, they find no relationship between minimum wages and employment in the U.S. restaurant …−but within cross-border commuting zones−we find a robust negative relationship between minimum wages and employment. …
Persistent link: https://www.econbiz.de/10013201636
, resulting in gains in terms of both employment and wages for natives, which does not hold for documented immigration. Stricter …
Persistent link: https://www.econbiz.de/10011688026
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age … and we show that higher minimum wage can raise aggregate employment. Expansion in the non-traded sector following a wage …
Persistent link: https://www.econbiz.de/10012162484
negative effects on the employment prospects of low-wage workers. However, we provide suggestive evidence that young workers … employment elasticity with respect to the minimum wage of -0.021, and an own-wage elasticity of -0.033, suggesting that wage … gains dominated employment losses. …
Persistent link: https://www.econbiz.de/10013440409
exposure to these automation technologies affects employment and wages across these different phases of their life cycle. We … find that the negligible long term impact of automation on employment conceals significant short term positive and negative … effects within phases of the technology life cycle. We also find that the negative impact of ICT investment on employment is …
Persistent link: https://www.econbiz.de/10014490819
This paper empirically examines the impact of labour market counter-reforms on real GDP per capita and employment … employment protection legislation (EPL), which we further split into counter-reforms for regular and temporary workers, and …
Persistent link: https://www.econbiz.de/10014578524