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Institutions, Restructuring, and Macroeconomic Performance

Caballero, Ricardo J. - 2000

A growing body of new research has emphasized the macroeconomic consequences of transactional impediments in factor markets, and their role in the recurrent restructuring requirements of modern economies. We first review the function institutional arrangements play in facilitating transactions...

Persistent link: https://www.econbiz.de/10012471041

Information and Globalization : Wage Co-Movements, Labor Demand Elasticity, and Conventional Trade Liberalization

Rauch, James E. - 2000

We model home country familiarity with business opportunities in a foreign country as a parameter in a matching process between domestic and foreign firms. We show that as familiarity increases the effect of relative national labor supplies on relative national wages declines, the elasticity of...

Persistent link: https://www.econbiz.de/10012471096

Economic Reforms and Labor Markets : Policy Issues and Lessons from Chile

Edwards, Sebastian - 2000

This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We concentrate on the reform to job security, on the decentralization of the wage bargaining process, and on the reduction in payroll taxes. Our interest is to understand to what extent...

Persistent link: https://www.econbiz.de/10012471121

Do Immigrant Inflows Lead to Native Outflows?

Card, David - 2000

natives over the 1970-80 period. We also estimate instrumental variables models that use the fraction of Mexican immigrants in …

Persistent link: https://www.econbiz.de/10012471191

Labor Markets in Professional Sports

Rosen, Sherwin - 2000

Many interesting elements of supply and demand are starkly observable in professional athletics. Understanding institutional arrangements, competitive balance and labor-management relations requires a basic understanding of sports labor markets and the struggle for control of those markets...

Persistent link: https://www.econbiz.de/10012471202

The Effect of Immigration on Native Self-Employment

Fairlie, Robert W. - 2000

A rapidly growing literature examines the impact of immigrants on the labor market outcomes of native-born Americans … immigrants in that sector. We first present a new general equilibrium model of self-employment and wage/salary work. For a range … supporting the hypothesis that self-employed immigrants displace self-employed natives. The effects are much larger than those …

Persistent link: https://www.econbiz.de/10012471214

Understanding Young Women's Marriage Decisions : The Role of Labor and Marriage Market Conditions

Blau, Francine D. - 2000

Using the 1970, 1980 and 1990 Censuses, we investigate the impact of labor and marriage market conditions on the incidence of marriage of young women (age 16-24). We employ a two-stage methodology. First, across individuals, marriage is regressed on personal characteristics and MSA indicators,...

Persistent link: https://www.econbiz.de/10012471266

Prevailing Wage Laws and Construction Labor Markets

Kessler, Daniel P. - 1999

Prevailing wage laws, which require that construction workers employed by private contractors on public projects be paid at least the wages and benefits that are "prevailing" for similar work in or near the locality in which the project is located, have been the focus of an extensive policy...

Persistent link: https://www.econbiz.de/10012471329

The Cost of Recessions Revisited : A Reverse-Liquidationist View

Caballero, Ricardo J. - 1999

The observation that liquidations are concentrated in recessions has long been the subject of controversy. One view holds that liquidations are beneficial in that they result in increased restructuring. Another view holds that liquidations are privately inefficient and essentially wasteful. This...

Persistent link: https://www.econbiz.de/10012471429

The Impact of Young Workers on the Aggregate Labor Market

Shimer, Robert - 1999

This paper estimates the response of the unemployment rate and labor force participation rate to exogenous variation in the youth share of the working age population, using cross-state variation in lagged birth rates as an instrumental variable. A one percent increase in the youth share reduces...

Persistent link: https://www.econbiz.de/10012471478

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