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This paper presents and tests a model that may partially explain why the demand for labor adapts to the availability of labor. In particular, I postulate that the cost of hiring declines with increases in the amount of labor available. The cost of hiring would decrease with a growth in available...
Persistent link: https://www.econbiz.de/10009558990
We provide new empirical evidence regarding the magnitude and the determinants of a firm's costs required to fill a … vacancy. The average costs required to fill a vacancy for a skilled worker in Switzerland amount to about 16 weeks of wage … payments. The main components of the vacancy costs are initially low productivity, the formal instruction of a new hire (53 …
Persistent link: https://www.econbiz.de/10011346605
The data indicate that non-wage labour costs in Germany have reached a record high in recent years. From 1972 to 2001 …, the ratio of non-wage labour costs to direct compensation in West German manufacturing industry rose from 55.6 per cent to … 81.2 per cent. The topic of non-wage labour costs is increasingly being discussed among and between the political parties …
Persistent link: https://www.econbiz.de/10011507925
's labor turnover costs (e.g. costs of hiring, training, and firing). In this context, labor turnover costs not only influence …
Persistent link: https://www.econbiz.de/10011412236
This paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on …-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over …
Persistent link: https://www.econbiz.de/10013319668
structure of labour adjustment costs by type of labour contract, using the methodology proposed by Goux, Maurin and Pauchet … production process, it does also this to meet long-run objectives such as implementing minimising costs innovations. It is … permanent employment. Finally, and as far as the structure of labour adjustment costs in Belgium is concerned, the marginal …
Persistent link: https://www.econbiz.de/10011597234
This paper uses a strategic bargaining framework to reassess the effect of dismissal costs in models of voluntary … models. Thus, dismissal costs can affect payoffs only if some exogenous event may force the firm to fire the worker despite … costs increase the specificity of the firm's capital and depress ex post expected profits. In any case, firing restrictions …
Persistent link: https://www.econbiz.de/10014181866
Firing costs are often blamed for unemployment. This paper investigates this widespread belief theoretically. The main … points are two. First, firing costs are introduced in an efficiency wage model to capture their effects on employment though … used: the view that firing costs reduce employment, the idea that firing costs are neutral on employment if markets are …
Persistent link: https://www.econbiz.de/10014159634
Persistent link: https://www.econbiz.de/10013268810
Persistent link: https://www.econbiz.de/10003853304