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Standard hours, a major component of total work hours, vary considerably across Europe. Many countries lowered their standard work hours during the 1980s and 1990s, attempting to boost employment by splitting up a fixed number of worker-hours among more workers. Germany has seen a partial...
Persistent link: https://www.econbiz.de/10011433877
Organizational characteristics and management styles vary dramatically both across and within sectors, which leads to huge variation in job design and complexity. Complex jobs pose a challenge for management and workers; an incentive structure aimed at unlocking workers’ potential can...
Persistent link: https://www.econbiz.de/10011763057
A reduction in the legal workweek may induce a degree of downward wage flexibility, while an employment subsidy to firms accommodates downward wage rigidity. It may be possible, therefore, to increase employment with a policy that combines a reduction in the workweek with an employment subsidy....
Persistent link: https://www.econbiz.de/10014400528
Large imbalances between the supply and demand for skills in transition economies are driven by rapid economic restructuring, misalignment of the education system with labor market needs, and underdeveloped adult education and training systems. The costs of mismatches can be large and...
Persistent link: https://www.econbiz.de/10011434453
Persistent link: https://www.econbiz.de/10010479423
The South African economy was on a positive growth trajectory from 2003 to 2008 but, like other economies around the world, it was not spared from the effects of the 2008 global financial crisis. The economy has not recovered and employment in South Africa has not yet returned to its pre-crisis...
Persistent link: https://www.econbiz.de/10012209991
The responses of working hours and employment levels to temporary negative demand shocks like those caused by the Great Recession in 2007-2008 and the Covid-19 pandemic in 2020-2022 have shown that consideration of both is important. Workers' desired rises in working hours in times of recession...
Persistent link: https://www.econbiz.de/10014289702
The paper provides an empirical investigation of labor market pooling. The analysis concentrates on Italian industrial districts and shows that there is scattered evidence of a widespread wage premium. In particular, there is no evidence of district differentials for the returns to seniority...
Persistent link: https://www.econbiz.de/10014399936
With aging populations and increased demands on government revenue, countries need to boost employment and earnings. Tax policy should focus on labor market entry and retirement. Those are the points where labor supply is most responsive to tax incentives, which can enhance the flow into work of...
Persistent link: https://www.econbiz.de/10011412793
Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing debate. One view suggests there are fundamental changes in the labor market that imply a long-term higher rate of unemployment, requiring the implementation of structural policy...
Persistent link: https://www.econbiz.de/10011413609