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temporary severing of employment relationships followed by a phase of more standard labour market search and matching, we use … stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market …
Persistent link: https://www.econbiz.de/10013274013
associated with it. In particular, we distinguish between employment, hours and effort per worker, and allow for adjustment costs … associated with employment changes. We assume that the requirement function for effective hours has a general trans …-logarithmic form, and derive an estimable system of Euler equations for inventories and employment with implied cross …
Persistent link: https://www.econbiz.de/10011406897
A structural model is developed and estimated by a maximum likelihood routine to investigate interrelated factor demand subject to nonconvex adjustment costs. The dataset concerns Norwegian plants operating in manufacturing industries and it covers the period 1993-2005. The estimates indicate...
Persistent link: https://www.econbiz.de/10009312924
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired … firming in recessions, while leaving hiring in booms unchanged. Thereby insider power reduces average employment. …
Persistent link: https://www.econbiz.de/10011411604
will employment be affected? In addressing this question, we focus on the role of on-the-job training. We show that an … insider wage hike reduces recession-time employment but, in the presence of on-the-job training, increases boom …-time employment. Thus on-the-job training can make insider wage hikes less detrimental to average employment (over booms and …
Persistent link: https://www.econbiz.de/10011413583
. Labour demand is expressed by its structural parameters, such as the elasticities of employment to output and factor prices …. Institutional variables include employment protection legislation, the structure of wage bargaining, measures describing the tax and … transfer system and active labour market policies. As cointegration between employment, output and factor prices is detected …
Persistent link: https://www.econbiz.de/10003085749
wage of French women, but led to a sizable decline in their employment rate. In contrast, immigration had little impact on … the employment rate of men, but led to a sizable drop in the male wage. We show that the near-zero correlation between …
Persistent link: https://www.econbiz.de/10012501434
We document substantial heterogeneity in occupational employment dynamics in response to government spending shocks …. Employment rises most strongly in service, sales, and office ("pink-collar") occupations. By contrast, employment in blue … employment dynamics as a consequence of differences in the short-run substitutability between labor and capital services across …
Persistent link: https://www.econbiz.de/10011596105
per week. We found a corresponding increase in part-time employment of 2 percentage points for all minimum wage workers …
Persistent link: https://www.econbiz.de/10011880306
of routine employment and its consequent impacts on inequality. …
Persistent link: https://www.econbiz.de/10012161124