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An analysis of labour adjustment costs in unionized economies
Modesto, Leonor; Thomas, Jonathan P. - 2000
period and firms react by choosing employment, and (ii) for the commitment equilibria where the union can precommit to the … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …
Persistent link: https://www.econbiz.de/10011339692
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Effective labor regulation and microeconomic flexibility
Caballero, Ricardo J.; Cowan, Devin N.; Engel, Eduardo; … - 2004
Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...
Persistent link: https://www.econbiz.de/10011607672
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The economics of employment protection
Addison, John T.; Teixeira, Paulino - 2001
Empirical investigation of the labor market consequences of employment protection has mushroomed since Lazear's (1990 … mainly on dismissals protection, distinguishing between the themes of employment and unemployment development and labor … market dynamics proper. Our discussion of employment and unemployment largely deals with the effect of employment protection …
Persistent link: https://www.econbiz.de/10011403997
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A lockdown index to assess the economic impact of the coronavirus
Faber, Marius; Ghisletta, Andrea; Schmidheiny, Kurt - In: Swiss journal of economics and statistics 156 (2020) 1/11, pp. 1-23
until the end of April 2020 and find that it can explain up to 58% of these short-term employment outcomes. …
Persistent link: https://www.econbiz.de/10012392542
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Meritocracy across Countries
Bandiera, Oriana; Kotia, Ananya; Lindenlaub, Ilse; … - National Bureau of Economic Research - 2024
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...
Persistent link: https://www.econbiz.de/10014528414
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The firm size distribution across countries and skill-biased change in entrepreneurial technology
Poschke, Markus - 2014
employment, the median and higher percentiles of the firm size distribution, and the dispersion and skewness of employment all …
Persistent link: https://www.econbiz.de/10010250019
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Oil price shocks, inventories, and macroeconomic dynamics
Herrera, Ana María - In: Macroeconomic dynamics 22 (2018) 3, pp. 620-639
Persistent link: https://www.econbiz.de/10011916664
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An analysis of labour adjustment costs in unionized economies
Modesto, Leonor; Thomas, Jonathan P. - In: Labour economics : official journal of the European … 8 (2001) 4, pp. 475-501
Persistent link: https://www.econbiz.de/10001607019
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An analysis of labour adjustment costs in unionized economies
Modesto, Leonor; Thomas, Jonathan P. - 2000
period and firms react by choosing employment, and (ii) for the commitment equilibria where the union can precommit to the … entire (infinite) sequence of wages. We conclude that the speed of adjustment of employment, that is higher in the … employment and wages only in the no-commitment case, i.e., the higher the relevance of adjustment costs the higher the wage and …
Persistent link: https://www.econbiz.de/10001567020
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Reducing start-up costs for new firms : the double dividend on the labor market
Dulleck, Uwe; Frijters, Paul; Winter-Ebmer, Rudolf - 2003
Starting a firm with expansive potential is an option for educated and high-skilled workers. This option serves as an insurance against unemployment caused by labor market frictions and hence increases the incentives for education. We show within a matching model that reducing the start-up costs...
Persistent link: https://www.econbiz.de/10009749613