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Labour market institutions and amplification of employment fluctuations
Matsue, Toyoki - In: Central European economic journal 6 (2019) 53, pp. 164-173
important features of the reforms are the reduction in adjustment costs and the introduction of fixed-term contracts (FTC). Some …
Persistent link: https://www.econbiz.de/10012303137
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Interpreting Europe and US Labor Markets Differences: The Specificity of Human Capital Investments
Wasmer, Etienne - 2002
This paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favors specific human capital investments....
Persistent link: https://www.econbiz.de/10010262696
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Human Capital Mismatches along the Career Path
Nedelkoska, Ljubica; Neffke, Frank - 2010
Human capital is transferable across occupations, but only to a limited extent because of differences in occupational skill-profiles. Higher skill overlap between occupations renders less of individuals' human capital useless in occupational switches. Current occupational distance measures...
Persistent link: https://www.econbiz.de/10010281656
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Inefficient Worker Turnover
Jacquet, Nicolas L. - 2007
efficient. This is because without complete enforceability firms cannot credibly offer workers contracts that will guarantee … search frictions, but no search externalities, when the rent accruing to a match is split through bargaining. Matches are ex … turnover depends on contract enforceability, and that in the absence of complete enforceability the equilibrium fails to be …
Persistent link: https://www.econbiz.de/10014223615
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Human Capital Mismatches along the Career Path
Nedelkoska, Ljubica; Neffke, Frank - 2010
Human capital is transferable across occupations, but only to a limited extent because of differences in occupational skill-profiles. Higher skill overlap between occupations renders less of individuals' human capital useless in occupational switches. Current occupational distance measures...
Persistent link: https://www.econbiz.de/10008669978
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Interpreting Europe and US labor markets differences : the specificity of human capital investments
Wasmer, Etienne - 2002
This paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favors specific human capital investments....
Persistent link: https://www.econbiz.de/10011412475
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What moves the Beveridge curve and the Phillips curve : an agent-based analysis
Chen, Siyan; Desiderio, Saul - 2017
Understanding what moves the Phillips curve is important to monetary policy. Because the Phillips curve has experienced over time movements similar to those characterizing the Beveridge curve, the authors jointly analyze the two phenomena. They do that through an agent-based macro model based on...
Persistent link: https://www.econbiz.de/10011723850
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What moves the Beveridge curve and the Phillips curve : an agent-based analysis
Chen, Siyan; Desiderio, Saul - 2018
Understanding what moves the Phillips curve is important to monetary policy. Because the Phillips curve has experienced over time movements similar to those characterizing the Beveridge curve, the authors jointly analyze the two phenomena. They do that through an agent-based macro model based on...
Persistent link: https://www.econbiz.de/10011776979
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Optimal combination of wage cuts and layoffs-the unexpected side effect of a performance-based payment system
Yokoyama, Izumi; Obara, Takuya - In: IZA journal of labor policy 6 (2017) 14, pp. 1-15
This study analyzes the trade-off relationship between layoffs and wage cuts. If the introduction of a performance-based payment system stimulates workers’ pecuniarymotivated minds, their morale can be damaged more severely by wage cuts than prior to the introduction thereof. Utilizing this...
Persistent link: https://www.econbiz.de/10011820621
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Do informal referrals leads to better matches? : evidence from a firm's employee referral system
Brown, Meta; Setren, Elizabeth; Topa, Giorgio - 2012
The limited nature of data on employment referrals in large business and household surveys has so far impeded our efforts to understand the relationships among employment referrals, match quality, wage trajectories, and turnover. Using a new firm-level data set that includes explicit information...
Persistent link: https://www.econbiz.de/10009580858