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Labour market reallocation effects of COVID-19 policies in Spain : a tale of two recessions

Díaz, Antonia; Dolado, Juan J.; Jáñez, Álvaro; … - 2023

. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …

Persistent link: https://www.econbiz.de/10014250592

The effect of employment protection legislation and financial market imperfections on investment : evidence from a firm-level panel of EU countries

Cingano, Federico; Leonardi, Marco; Messina, Julián; … - 2009

This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital-labour substitution, labour productivity and job reallocation in a cross-country framework. In the spirit of Rajan and Zingales (1998) and Ciccone and Papaioannou (2006), we exploit variation in...

Persistent link: https://www.econbiz.de/10003832294

The effect of product demand on inequality : evidence from the US and the UK

Leonardi, Marco - 2010

This paper examines the relationship between product demand and the pattern of rising skill premia and rising employment of skilled workers in the US and the UK since the 1980s. If more skilled workers demand more skill-intensive goods, then an increase in relative skill supply will also induce...

Persistent link: https://www.econbiz.de/10003976873

Sources of earnings instability : estimates from an on-the-job search model of the U.S. labor market

Flabbi, Luca (contributor); Leonardi, Marco (contributor) - 2008

Many contributions suggest that earnings instability has increased during the 1980s and 1990s. This paper develops and estimates an on-the-job search model of the labor market to study the contribution of wage inequality and job mobility in explaining earnings instability. To study the evolution...

Persistent link: https://www.econbiz.de/10003666471

Capital deepening and wage differentials : Germany vs. US

Koeniger, Winfried (contributor); … - 2006

in countries with different labor market institutions. If labor market institutions raise the relative wage of unskilled …. Instead in the US, where wage-compressing institutions are weaker, firms invest more in high-skilled workers. We provide … industries. -- capital deepening ; skill premium ; wage floors ; institutions …

Persistent link: https://www.econbiz.de/10003304679

Who pays for it?: the heterogeneous wage effects of employment protection legislation

Leonardi, Marco; Pica, Giovanni - 2010

Theory predicts that the wage effects of government-mandated severance payments depend on workers' and firms' relative bargaining power. This paper estimates the effect of employment protection legislation (EPL) on workers' individual wages in a quasi-experimental setting, exploiting a reform...

Persistent link: https://www.econbiz.de/10009304316

Zero-hours contracts in a frictional labor market

Dolado, Juan J.; Lalé, Etienne; Turon, Hélène - 2021

We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) - a contract that exempts employers from the requirement to provide any minimum working hours, and allows employees to decline any workload. We find quantitatively that ZHCs improve welfare by enabling firms with more volatile...

Persistent link: https://www.econbiz.de/10012803713

Two-tier labor markets in the Great Recession : France vs. Spain

Bentolila, Samuel; Cahuc, Pierre; Dolado, Juan J.; Le … - 2010

labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

Persistent link: https://www.econbiz.de/10009312950

Dual employment protection legislation : a framework for analysis

Dolado, Juan J. (contributor); Jansen, Marcel (contributor); … - 2005

EPL varying among workers of different skills on the level and composition of unemployment, job flows, productivity and …

Persistent link: https://www.econbiz.de/10002731277

Dual labour markets revisited

Bentolila, Samuel; Dolado, Juan J.; Jimeno, Juan F. - 2019

stepping-stone or dead-end nature of temporary contracts, their effects on employment, unemployment, churn, training …

Persistent link: https://www.econbiz.de/10011977662