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Jolls, Christine - 2010

Legal rules governing the employer-employee relationship are many and varied. Economic analysis has illuminated both the efficiency and the effects on employee welfare of such rules, as described in this paper. Topics addressed include workplace safety mandates, compensation systems for...

Persistent link: https://www.econbiz.de/10012759946

What Directions for Labor Market Institutions in Eastern and Central Europe?

Freeman, Richard B. - 2021

In this paper I examine the evolution of labor relations institutions during the initial phase of marketization in Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market economy. I find surprising stability in labor institutions...

Persistent link: https://www.econbiz.de/10013220944

The More Things Change, the More They Stay the Same : Trends in Long-Term Employment in the United States, 1969-2002

Stevens, Ann Huff - 2021

This study considers whether there has been a decline in the attachment of workers and firms in the United States over the past several decades. Specifically, it compares snapshots of job tenure taken at the end of workers' careers from 1969 to 2002, using data from the Retirement History...

Persistent link: https://www.econbiz.de/10013223349

Imperfect Competition, Compensating Differentials and Rent Sharing in the U.S. Labor Market

Lamadon, Thibaut; Mogstad, Magne; Setzler, Bradley - 2021

We quantify the importance of imperfect competition in the U.S. labor market by estimating the size of rents earned by American firms and workers from ongoing employment relationships. To this end, we construct a matched employer-employee panel data set by combining the universe of U.S. business...

Persistent link: https://www.econbiz.de/10013225583

Data Difficulties in Labor Economics

Hamermesh, Daniel S. - 2021

This essay sets out a framework for evaluating empirical work in terms of the ability of the data to provide adequate parameter estimates and hypothesis tests about the true underlying structure. Problems of aggregation, representativeness and structural change are discussed in detail. These...

Persistent link: https://www.econbiz.de/10013244384

Individual Rights and Collective Agents : The Role of Old and New Workplace Institutions in the Regulation of Labor Markets

Weil, David - 2021

Implementation of workplace policies--whether through enforcement of laws or administration of programs--raises the question of the interaction between institutions created to carry out laws and the activities of workplace based agents that directly (e.g. unions) or indirectly (e.g. insurance...

Persistent link: https://www.econbiz.de/10013246359

International Labor Economics

Hamermesh, Daniel S. - 2021

I argue for increased reliance on non-U.S. data and policy evaluations to understand basic labor- market parameters and to predict the effects of changes in U.S. labor-market policies. Foreign experiences generate exogenous shocks to labor costs that create unusual opportunities to measure...

Persistent link: https://www.econbiz.de/10013312473

Trade, Offshoring, and the Invisible Handshake

Karabay, Bilgehan - 2010

We study the effect of globalization on the volatility of wages and worker welfare in a model in which risk is … allocated through long-run employment relationships (the 'invisible handshake'). Globalization can take two forms: International … raising the volatility of their wages. We thus formalize, but also sharply circumscribe, a common critique of globalization …

Persistent link: https://www.econbiz.de/10013152563

Is a Great Labor Shortage Coming? Replacement Demand in the Global Economy

Freeman, Richard B. - 2007

This paper assesses the claim the the US faces an impending labor shortage due to the impending retirement of baby boomers and slow growth of the US work force, and that the country should orient labor market and educational policies to alleviate this prospective shortage. I find that this...

Persistent link: https://www.econbiz.de/10012778307

Technology, Unemployment, and Relative Wages in a Global Economy

Davis, Donald R. - 2021

Arguably the most important development in recent decades in US factor markets is the decline in the relative wage of the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been identified as a key reason for the rising US wage...

Persistent link: https://www.econbiz.de/10013226172

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