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A widespread concern is that labor market institutions erode in the course of globalization, which, in turn, decreases … employment and wages. By using panel data and crosssectional data, I investigate the influence of globalization on labor market … regulation. I use the indicators of labor market institutions by Gwartney et al. (2012) and the KOF indices of globalization. To …
Persistent link: https://www.econbiz.de/10010627552
This paper proposes a multi-industry trade model with integrated capital and goods markets. Labor market imperfections in line with Mortensen and Pissarides (Job Creation and Job Destruction in the Theory of Unemployment, 1994) give rise to unemployment and a channel for the government to...
Persistent link: https://www.econbiz.de/10010981404
This paper examines whether search and matching frictions in labor markets can account for cross-country differences in business cycle properties. The particular interest is the joint effect of two institutional variables, employment protection and the replacement income of unemployed workers. I...
Persistent link: https://www.econbiz.de/10010894498
This paper investigates the relationship between political instability and labor market institutions. We develop a theoretical model in which some features of the political process, by reducing the future yields of policy interventions, induce an incumbent government to choose labor market...
Persistent link: https://www.econbiz.de/10010541269
The current crisis, while of a global nature, has affected national labor markets to a varying extent. While some countries have experienced a steep increase in unemployment, employment in other developed economies has not fallen in parallel with a significant decline in GDP. Our analysis shows...
Persistent link: https://www.econbiz.de/10008784843
Germany and France are both Continental European welfare states with severe labor market problems such as low employment and high and persistent unemployment which can be explained by labor market institutions that inhibit labor market adaptability. This paper analyzes recent reforms in core...
Persistent link: https://www.econbiz.de/10005566813
This paper tests economic impacts of labor market institutions on employment of OECD nations from the perspective of long-term unemployment rate (LUR) in order to alleviate endogeneity bias existed in the current literature on this topic, which is the root of the long-lasting debate over...
Persistent link: https://www.econbiz.de/10005406757
This paper studies how a country's labor market institutions, by affecting workers' skill acquisition, can shape its export patterns. I develop an open-economy model in which workers undertake non-contractible activities to acquire firm-specific skills on the job. In the model, labor market...
Persistent link: https://www.econbiz.de/10010577698
Trade liberalization is often met with sharp opposition. Recent examples include the so-called "Bolkestein" directive, which allows service providers from a given EU member to temporarily work in another member country. One way to view such a reform is that it simply widens the range of goods...
Persistent link: https://www.econbiz.de/10005761656
Perhaps no other country in recent years has witnessed greater change in its collective bargaining framework than the UK. This paper describes the dramatic developments and their consequences. Like Gaul, it is in three parts. The first part charts the six major pieces of legislation -...
Persistent link: https://www.econbiz.de/10005822623