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Conventional wisdom and prevailing economic theory hold that the new owners of a privatized firm will cut jobs and wages. But this ignores the possibility that new owners will expand the firm's scale, with potentially positive effects on employment, wages, and productivity. Evidence generally...
Persistent link: https://www.econbiz.de/10011421952
Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …
Persistent link: https://www.econbiz.de/10011892434
Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...
Persistent link: https://www.econbiz.de/10011413675
Studies find that technological change has contributed to the decline in manufacturing and to persistent unemployment …
Persistent link: https://www.econbiz.de/10011431678
Current cohorts of young adults entered adulthood during an international labor and housing market crisis of a severity not experienced since the Great Depression. Concerns have arisen over the impacts on young adults' employment, income, wealth, and living arrangements, and about whether these...
Persistent link: https://www.econbiz.de/10011456129
While women's labor force participation tends to increase with economic development, the relationship is not straightforward or consistent at the country level. There is considerably more variation across developing countries in labor force participation by women than by men. This variation is...
Persistent link: https://www.econbiz.de/10011420355
The German model of co-determination (Mitbestimmung) with works councils, in which workers are involved in the management of a company, was a role model for other countries for many years. However, since the 1990s the appeal of works councils has been declining, to the extent that now even...
Persistent link: https://www.econbiz.de/10011430237
The adverse effects of unemployment are a cause for concern for all demographic groups but they will be most acute for … those experiencing the highest unemployment rates. In particular, high levels of unemployment are observed for a range of … therefore important to determine the factors that are most likely to cause high rates of unemployment, especially from a …
Persistent link: https://www.econbiz.de/10011690101
One-company towns are a relatively rare phenomenon. Mostly created in locations that are difficult to access, due to their association with industries such as mining, they have been a marked feature of the former planned economies. One-company towns typically have high concentrations of...
Persistent link: https://www.econbiz.de/10011808793
public sector units in 1991. Since then, per capita output has increased significantly, while the overall unemployment rate … unemployment remains stubbornly high, an overwhelming proportion of the labor force continues to work in the informal sector, and …
Persistent link: https://www.econbiz.de/10011812824