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This paper tests whether the job security offered by stricter employment protection legislation (EPL) undermines positive compensating wage differentials that would otherwise be paid. Specifically, we ask whether industries with relatively more need for layoffs and labour flexibility have lower...
Persistent link: https://www.econbiz.de/10012911172
Using U.S. state-level labor protection law as an exogenous shock, we find that the adoption ofthe law alleviates the wages pressure on highly leveraged firms, primarily due to employees’improved job security offered by the law. Particularly, our finding is more pronounced forfinancially...
Persistent link: https://www.econbiz.de/10013219796
This paper tests whether the job security offered by stricter employment protection legislation (EPL) undermines positive compensating wage differentials that would otherwise be paid. Specifically, we ask whether industries with relatively more need for layoffs and labour flexibility have lower...
Persistent link: https://www.econbiz.de/10011906083
We exploit panel data and large, abrupt, and unusual dislocations of Indonesian workers in the wake of the Asian Financial Crisis to investigate the robustness and persistence of inter‐industry wage differentials (IWDs). Unobserved worker characteristics explain 36% of IWDs. IWDs persist...
Persistent link: https://www.econbiz.de/10013037725
Life-cycle wage growth rates vary significantly across countries. In this paper, we examine the role of the local distribution of firm productivity in shaping life-cycle wage profiles by introducing a random search model that disentangles the effects of firm productivity distribution, on-the-job...
Persistent link: https://www.econbiz.de/10015372540
How marriage interacts with men's earnings is an important public policy issue, given debates over programs to directly encourage healthy marriages. This paper generates new findings about the earnings-marriage relationship by estimating the linkages between marriage, work commitment, and wage...
Persistent link: https://www.econbiz.de/10010267655
How marriage interacts with men's earnings is an important public policy issue, given debates over programs to directly encourage healthy marriages. This paper generates new findings about the earnings-marriage relationship by estimating the linkages between marriage, work commitment, and wage...
Persistent link: https://www.econbiz.de/10003039638
In this paper, we undertake an evaluation of the laws governing wages in India, identify their shortcomings and offer suggestions for improvement. In doing so, we analyze the provisions in the relevant ILO Conventions and look at the laws and practice in selected developed and emerging...
Persistent link: https://www.econbiz.de/10011738916
We construct a multi-country employer-employee data to examine the consequences of employment protection. We identify the effects by comparing worker exit rates between units of the same firm that operate in two countries that have different seniority rules. The results show that...
Persistent link: https://www.econbiz.de/10013001331
We construct a multi-country employer-employee data to examine the consequences of employment protection. We identify the effects by comparing worker exit rates between units of the same firm that operate in two countries that have different seniority rules. The results show that...
Persistent link: https://www.econbiz.de/10011449754