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Equilibrium unemployment and investment under product and labour market imperfections
Kauppi, Heikki (contributor); Koskela, Erkki (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001948646
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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 … stronger in firms with lower levels of internal resources. We find that, on average, EPL reduces investment per worker, capital …
Persistent link: https://www.econbiz.de/10003832294
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Accounting for China's growth
Brandt, Loren; Zhu, Xiaodong - 2010
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10003940472
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Market imperfections and firm-sponsored training
Picchio, Matteo; Ours, Jan C. van - 2010
Recent human capital theories predict that labor market frictions and product market competition influence firm …, product market competition does not have an effect on firm-sponsored training. We conclude that increasing competition through …-sponsored training ; labor market frictions ; product market competition ; matched worker-firm data …
Persistent link: https://www.econbiz.de/10003975223
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Can job competition prevent hold-ups?
Jansen, Marcel (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001893839
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The value of sick pay
Adams, Abi; Boneva, Teodora; Golin, Marta; Rauh, Christopher - 2021
Not all countries provide universal access to publicly funded paid sick pay. Amongst countries that do, compensation rates can be low and coverage incomplete. This leaves a significant role for employer-provided paid sick pay in many countries. In this paper, we study who has access to...
Persistent link: https://www.econbiz.de/10012653750
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Macroeconomic policy lessons of labor market frictions
Yashiv, Eran - 2002
The paper explores the consequences of macroeconomic policy for labor market outcomes in the presence of frictions. It shows how policy may be useful in overriding frictions, as well as how it might generate adverse outcomes. The analysis looks at the main tools of macroeconomic policy and...
Persistent link: https://www.econbiz.de/10011406721
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Smallholders, market failures, and agricultural production: evidence from India
Merfeld, Joshua D. - 2020
Market completeness has important implications for household behavior. I firmly reject complete markets for smallholders but am unable to do so for non-smallholders. This leads to important differences in production behavior: smallholders reallocate labor across activities less in response to...
Persistent link: https://www.econbiz.de/10012290639
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Nonunion employee representation : theory and the German experience with mandated works councils
Jirjahn, Uwe; Smith, Stephen C. - 2017
Theories of how nonunion employee representation impacts firm performance, affects market equilibria, and generates externalities on labor and society are synthesized. Mandated works councils in Germany provide a particularly strong form of nonunion employee representation. A systematic review...
Persistent link: https://www.econbiz.de/10011737498
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Optimal price indices for targeting inflation under incomplete markets
Anand, Rahul; Prasad, Eswar S. - 2010
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a twosector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...
Persistent link: https://www.econbiz.de/10008810538