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When and how to create a job: The survival of new jobs in Austrian firms

Böheim, René; Stiglbauer, Alfred; Winter-Ebmer, Rudolf - 2005

While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm’s and from a macro perspective. Adjustment cost theories and arguments about option values...

Persistent link: https://www.econbiz.de/10010294519

Two-Tier Labor Markets in the Great Recession : France vs. Spain

Bentolila, Samuel - 2010

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

Persistent link: https://www.econbiz.de/10013135650

On the Persistence of Job Creation in Old and New Firms

Böheim, René; Stiglbauer, Alfred; Winter-Ebmer, Rudolf - 2008

We suggest a new method to analyze the success of firm creation by looking at the persistence of new jobs created in old and in new firms. Compared to survival rates of new versus old firms, this measure has the advantage that the sustainability of job creation in different circumstances is...

Persistent link: https://www.econbiz.de/10010294908

Seniority Wages and the Role of Firms in Retirement

Frimmel, Wolfgang - 2015

expensive older workers into retirement. Based on the seniority wage model developed by Lazear (1979), we discuss steep … seniority wage profiles as incentives for firms to dismiss older workers before retirement. Conditional on individual retirement … incentives, e.g., social security wealth or health status, the steepness of the wage profile will have different incentives for …

Persistent link: https://www.econbiz.de/10013016305

Differential Patterns between Private and Public Sector Wages in Spain

de León, Alba; Dolado, Juan Jose - 2022

This paper studies the wage differentials between the public and private sectors in Spain, as well as its distribution … across different educational levels and by gender. To do so, the well-known Oaxaca-Blinder decomposition of mincerian wage … regressions is applied for both sectors, breaking down the (public-private) wage gap into a component explained by differences in …

Persistent link: https://www.econbiz.de/10014083859

Reforming an Insider-Outsider Labor Market : The Spanish Experience

Bentolila, Samuel - 2011

This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees makes real reform much harder, and leads to purely marginal changes that do not alter...

Persistent link: https://www.econbiz.de/10013117400

Dual Labour Markets Revisited

Bentolila, Samuel - 2019

This paper provides an overview of recent research on dual labour markets. Theoretical and empirical contributions on the labour-market effects of dual employment protection legislation are revisited, as well as factors behind its resilience and policies geared towards correcting its negative...

Persistent link: https://www.econbiz.de/10012870446

Banking on Snow : Bank Capital, Risk, and Employment

Baumgartner, Simon; Stomper, Alex; Schober, Thomas; … - 2022

How does small-firm employment respond to exogenous labor productivity risk? We find that this depends on the capitalization of firms' local banks. The evidence comes from firms offering (quasi-) fixed employment to workers whose productivity depends on the weather. Weather risk reduces this...

Persistent link: https://www.econbiz.de/10013492288

Do Temporary Contracts Affect TFP? Evidence from Spanish Manufacturing Firms

Dolado, Juan Jose; Stucchi, Rodolfo - 2021

This paper evaluates the impact of the widespread use of fixed-term contracts in Spain on firms' TFP, via its effect on workers' effort. We propose a simple analytical framework showing that, under plausible conditions, workers' effort depends positively on their perception (for given level of...

Persistent link: https://www.econbiz.de/10013324783

Monetary Policy and Inequality Under Labor Market Frictions and Capital-Skill Complementarity

Dolado, Juan Jose - 2018

shock leads to larger wage increases for high-skilled workers than for low-skilled workers, due to the smaller matching … frictions of the former (SAM-asymmetry channel). Moreover, the increase in capital demand amplifies this wage divergence due to …

Persistent link: https://www.econbiz.de/10012919514