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We develop a small open economy DSGE model to study the macro welfare effects of flexible labor contracts for an economy in a currency union. The framework exhibits two sectors: a fixed sector and a flex sector. The fixed sector offers contracts that exhibit rigidities in working-hours and wages...
Persistent link: https://www.econbiz.de/10013322479
Unternehmensgründungen gelten als Träger der Beschäftigungsexpansion. Diese Wahrnehmung stützt sich auf eine breite Palette empirischer Erkenntnisse, theoretische Erklärungsansätze existieren aber nur vereinzelt. Der Autor entwickelt Bausteine zu einer solchen, mit der Empirie zu...
Persistent link: https://www.econbiz.de/10011402026
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theory of contract. Finally, the empirical literature on employment and labor law is reviewed. I conclude that many aspects … of employment law are consistent with the economic theory of contract - namely, that contracts are written and enforced … ex ante benefits of employment contracts. -- employment law ; labor law ; employment contract ; employment contract ; law …
Persistent link: https://www.econbiz.de/10009312928
law illustrates that it has evolved in response to problems of market and contract incompleteness, that often leads to …
Persistent link: https://www.econbiz.de/10012454965
This paper studies the labor market effects of Non-Compete Agreements (NCAs) that constrain employee mobility, in a search model featuring random hiring and endogenous separation. Non-compete clauses limit workers’ job opportunities; thus, an unemployed worker who is bound by NCAs has a lower...
Persistent link: https://www.econbiz.de/10014076522
This paper studies the labor market effects of Non-Compete Agreements (NCAs) that constrain employee mobility, in a search model featuring random hiring and endogenous separation. Non-compete clauses limit workers' job opportunities; thus, an unemployed worker who is bound by NCAs has a lower...
Persistent link: https://www.econbiz.de/10014082497
theory of contract. Finally, the empirical literature on employment and labor law is reviewed. I conclude that many aspects … of employment law are consistent with the economic theory of contract - namely, that contracts are written and enforced …
Persistent link: https://www.econbiz.de/10013142548