Showing 1 - 10 of 155
This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...
Persistent link: https://www.econbiz.de/10010297626
This paper considers training, mobility decisions and wages together to test for the specificity of human capital contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages in two ways. First, we examine the correlation between training...
Persistent link: https://www.econbiz.de/10010297508
employment and unemployment. The empirical analysis is based on propensity score matching methods, obtaining the effects of FTCs … by comparing the future situation of (?treated?) unemployed entering into FTCs after a particular unemployment duration … persons entering into FTCs after a certain number of month of unemployment are reasonable. A first counterfactual is never to …
Persistent link: https://www.econbiz.de/10010297300
This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...
Persistent link: https://www.econbiz.de/10005097961
This paper combines two strains of the literature on the employment effects of deferred compensation. The first strain separates seniority and job matching wage effects on the basis of individual data, but cannot look at employment consequences. The second strain explains the employment...
Persistent link: https://www.econbiz.de/10010298049
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …
Persistent link: https://www.econbiz.de/10010297281
This paper analyses the link between educational attainment and unemployment risk in a French-German comparison, based … on a discrete time competing risks hazard rate model applied to comparable microdata sets. The unemployment risk is … broken down into the risk of entering unemployment and the risk, once unemployed, of not getting reemployed. The paper …
Persistent link: https://www.econbiz.de/10010297286
In this paper, we study the effect of skill-biased technological change on unemployment when benefits are linked to the …, unemployment rises. More generally, we show that skill-biased technological change leads to increasing unemployment of the … inequality and unemployment under different social benefits regimes: Analyzing the social legislation in 14 countries, we find …
Persistent link: https://www.econbiz.de/10010297491
On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to … education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education … level in a standard Mincer equation. Our results show that an increase in regional unemployment by 1% decreases the returns …
Persistent link: https://www.econbiz.de/10010297542
relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …
Persistent link: https://www.econbiz.de/10010297721