Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For these reasons it is important to explain why we...

In these tough economic times, employers have responded by pursuing four-day work weeks and other mechanisms that change the components of the standard five-day work week. Although four-day work weeks provide some savings in the form of reduced operating and energy costs and have received recent...

Over the past year or so, a conventional wisdom has developed about the status of the legal job market. This conventional wisdom has at least three components: (1) Recent graduates are getting law jobs at distressingly low levels. (2) The legal job market is undergoing a profound structural...

Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For these reasons it is important to explain why we...

n this paper, I analyze the pros and cons of implementing structural reforms of the labor market in booms vs. recessions, in light of considerations of social efficiency, political viability, and macroeconomic fine tuning. While the optimal timing of a reform depends on the relative importance...

The level of economic development of county and it’s capacity to provide jobs reflects important issues which could be measured in line with the occupancy degree of the workforce. In the context of our county’s accession to the European Union, Romania should pursue a sustainable economic...

In most European countries, the prevailing terms of employment, including the nominal wage, can only be changed by mutual consent. If inflation is so low that nominal wages have to be cut, the workers have strategic advantage in the wage negotiations, which induces higher unemployment in...

In most European countries, nominal wages are given in collective agreements or individual employment contracts, and the employer cannot unilaterally cut wages, even after the expiration of a collective agreement. Ceteris paribus, workers have a stronger bargaining position when they try to...

Legislation concerning labour and social rights of migrant workers is one of the areas of Russian law which undergo at least minor changes almost every year. All these recent changes tend to have the same direction of narrowing the scope of options for a migrant to find a work in Russia, at...

This paper approaches the growing debate over the reform of U.S. immigration law and proposes a new model to regulate the influx of migrant workers. After briefly tracing the history of U.S. immigration law, the paper explores the role that immigrant labor plays in international trade,...