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This paper shows that liquidity constraints restrict job creation even with flexible labor markets. In a dynamic model of firm investment and demand for labor with imperfect capital markets, represented as a constraint on dividends, and imperfect labor markets, contained in legal firing costs...
Persistent link: https://www.econbiz.de/10005706194
This paper shows that liquidity constraints restrict job creation even when labor markets are flexible. In a dynamic model of labor demand, I show that in an environment of imperfect capital and imperfect labor markets, firms use temporary contracts to relax financial constraints. Evidence for...
Persistent link: https://www.econbiz.de/10005772062
Does restrictive bank lending cause lower employment growth at the firm-level or does it reflect firm characteristics … that drive the deterioration of employment figures? Applying propensity score matching, we estimate the treatment effect of … restrictive bank lending on employment growth. Combining balance sheet information and survey data on a firm's current and …
Persistent link: https://www.econbiz.de/10011113413
This paper shows that liquidity constraints restrict job creation even when labor markets are flexible. In a dynamic model of labor demand, I show that in an environment of imperfect capital and imperfect labor markets, firms use temporary contracts to relax financial constraints. Evidence for...
Persistent link: https://www.econbiz.de/10005774249
This paper shows that liquidity constraints restrict job creation even when labor markets are flexible. In a dynamic model of labor demand, I show that in an environment of imperfect capital and imperfect labor markets, firms use temporary contracts to relax financial constraints. Evidence for...
Persistent link: https://www.econbiz.de/10005155233
This report reviews some of the most recent literature examining the home country employment effects of … conclusion from the literature is that the absolute employment effects are modest, although there are likely to be notable … employment effects of outward foreign direct investment on the home country seem to indicate positive rather than substitution …
Persistent link: https://www.econbiz.de/10005700398
Over the past decade, the share of jobs not controlled by the state has increased considerably, whilst employment in … enforced remains to be seen. For the time being, de facto employment protection is far less than de jure, with an enduring … wages, nor are they effectively enforced. During the recent slowdown, average wages adjusted rapidly and employment was soon …
Persistent link: https://www.econbiz.de/10008480477
This paper studies the influence of cultural and economic variables on differences in the level of self-employment in …
Persistent link: https://www.econbiz.de/10005474389
This paper reviews tha main trends and patterns in labour supply in Australia since the mid-1960s, and summarieses a number of themes which have emerged from research on causes of changes in labour market.
Persistent link: https://www.econbiz.de/10004971371
worker literature, very little is known about the sources of the heterogeneity in plant level employment policies. The … present paper, studies in detail the employment management policies for heterogeneous plants and for heterogeneous labour …
Persistent link: https://www.econbiz.de/10005781238