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This paper is intended to make a contribution to the empirical literature explaining the rise of unemployment since the 1970s in western economies by means of interactions between shocks and institutions. The contribution is twofold. First, the impact of a general feature of developed economies...
Persistent link: https://www.econbiz.de/10010745773
To illustrate CEP's impact on public policy and debate, John Van Reenen introduces and presents the first in a series of 'big ideas', surveying the significant research findings that have emerged from the Centre over the past three decades.
Persistent link: https://www.econbiz.de/10011126551
The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment determined as equilibrium phenomena? What...
Persistent link: https://www.econbiz.de/10011071476
implement the commitment solution with constraints on transfers. Second, absent current competition, the possibility of future …
Persistent link: https://www.econbiz.de/10010744985
business strategies. Without government commitment, there is an additional basis for intervention, whose sign depends on the …
Persistent link: https://www.econbiz.de/10010746184
always decrease the agency cost, it can have the adverse effect of weakening the principal's commitment not to renegotiate …
Persistent link: https://www.econbiz.de/10011126387
A basic model of commitment is to convert a two-player game in strategic form to a “leadership game” with the same …
Persistent link: https://www.econbiz.de/10011071384
This paper reports results from a recent survey we conducted on the union status of over 650 firms in the private sector of the UK. Compared to earlier periods, the survey shows that since 1997 there has been a slight fall in derecognition, but a relatively large increase in union recognition....
Persistent link: https://www.econbiz.de/10010884653
The emergence of the so-called ‘network economy’ and the development of project-based work pose a fundamental challenge to established methods of regulating the employment relationship. There appears to be an unsatisfied demand for its greater use, especially among employers, and it is...
Persistent link: https://www.econbiz.de/10010746457
We study interdependencies in spousal labor supply by exploiting the design of the French workweek reduction, which introduced exogenous variation in one's spouse's labor supply, at constant earnings. Treated employees work on average two hours less per week. Husbands of treated women respond by...
Persistent link: https://www.econbiz.de/10011126429