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Employment protection (EPL) has a well known negative impact on labor flows as well as an ambiguous but often negative effect on employment. In contrast, its impact on capital accumulation and capital-labor ratio is less well understood. The available empirical evidence suggests a non-monotonic...
Persistent link: https://www.econbiz.de/10010812512
In this Paper, I analyse the pros and cons of implementing structural reforms of the labour market in booms versus 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...
Persistent link: https://www.econbiz.de/10005504569
In this paper, we document the intensive and extensive margin adjustments of labor market in Turkey and US.We find that both margins are important. More interestingly, the weight of intensive margin adjustment is substantially smaller than that of the extensive margin in both countries. This is...
Persistent link: https://www.econbiz.de/10010941474
structures of both employment and unemployment complements this study. …
Persistent link: https://www.econbiz.de/10005762310
We study a search model with employment protection legislation. We show that if the output from the match is uncertain ex ante, there may exist a discriminatory equilibrium where workers with the same productive characteristics are subject to different hiring standards. If a bad match takes...
Persistent link: https://www.econbiz.de/10008545784
more flexible short-term contracts affects the return to schooling, equilibrium unemployment and welfare. In this context …
Persistent link: https://www.econbiz.de/10010617138
contours of the EPL reform. In this article we used an equilibrium unemployment model to investigate the virtue of an EPL … rating is desirable, not only as a part of unemployment compensation finance as most studies acknowledge but also as part and …
Persistent link: https://www.econbiz.de/10005566380
This paper uses both the descriptive and comparative approaches to provide an overview of migration of international students from the Middle East and North Africa MENA region and mobilizing skills in the MENA Region. We fill the gap in the MENA literature and present a more comprehensive and...
Persistent link: https://www.econbiz.de/10010856439
Abstract This paper provides evidence that unemployment rates across US states are stationary and therefore behave … adjustment associated with unemployment shocks. A highly-dimensional VAR analysis of the half-lives associated with shocks to … unemployment rates in pairs of states suggests that distance between states and vacancy rates respectively exert a positive and …
Persistent link: https://www.econbiz.de/10010859356
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010877633