Showing 1 - 10 of 199
boost profits. With much of the cost adjustment falling on firms’ wage bills, employment losses were largest in countries …This paper argues that the large differences among EU countries in post-crisis employment performance are to a large … countries but not in others. To close the large gaps between saving and investment, firms reduced investment and cut costs to …
Persistent link: https://www.econbiz.de/10011242321
This paper investigates theoretically and empirically the heterogeneous response of exporters to real exchange rate fluctuations due to product quality. Our model shows that the elasticity of demand perceived by exporters decreases with a real depreciation and with quality, leading to more...
Persistent link: https://www.econbiz.de/10010790394
crisis had a larger negative impact on firms with greater reliance on external financing, and firms with higher sensitivity … to aggregate demand and exports. Firms with more foreign currency debt also had larger declines in sales, although their … investment or profits did not differ significantly from other firms. …
Persistent link: https://www.econbiz.de/10011142000
employment in low-wage firms than in high-wage firms. Our results are robust for different treatment groups, sample attrition …This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the … impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum wage …
Persistent link: https://www.econbiz.de/10011123849
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment …-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to …
Persistent link: https://www.econbiz.de/10011123865
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural … and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the … reducing government size have a significant and positive impact on employment elasticities. In addition, the results also …
Persistent link: https://www.econbiz.de/10009621620
This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper uses nonparametric estimation to capture possible...
Persistent link: https://www.econbiz.de/10005248228
This paper analyzes the determinants of labor market performance in Algeria. When the model is estimated with panel data on a sample of MENA and transition countries for 1995- 2005, the results suggest that lower growth in labor productivity in Algeria is associated with higher unemployment than...
Persistent link: https://www.econbiz.de/10005248294
return. In the short run, an adverse shock to a region results in a sharp drop in employment and a gradual decline of … physical capital; the system returns to its initial capital/labor ratio after four years. The sharp drop in employment is …’s employment. …
Persistent link: https://www.econbiz.de/10005263773
This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability....
Persistent link: https://www.econbiz.de/10005263795