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In this paper, I analyze the pros and cons of implementing structural reforms of the labor market in booms vs. recessions, in light of considerations of social efficiency, political viability, and macroeconomic fine tuning. While the optimal timing of a reform depends on the relative importance...
Persistent link: https://www.econbiz.de/10013320369
This paper examines patterns of compliance and noncompliance with federal minimum wage laws in the U.S. apparel industry and analyzes the impact of new methods of intervention designed to improve regulatory performance. Drawing on contractor-level data from a randomized survey of apparel...
Persistent link: https://www.econbiz.de/10014031682
Despite eighty years of governmental interventions, the legal system has proven ill-equipped to address workplace discrimination. Potential plaintiffs are reluctant to file discrimination claims for a host of social and economic reasons, and the relatively few who do file face steep structural...
Persistent link: https://www.econbiz.de/10014032199
Economic theory suggests that occupational licensing can be a barrier to entry that restricts labor supply (Friedman, 1962; Stigler, 1971) or a signal of quality that enhances the labor market (Leland, 1979). This paper studies two types of licenses for one occupation – dental assistant (DA) –...
Persistent link: https://www.econbiz.de/10012836016
Minimum wage policy is regarded as an essential policy tool for improving the welfare of low-paid workers and reducing working poverty and inequality within the labour market. The Government of India recently undertook reforms in the country's wage policy and enacted the Code on Wages in August...
Persistent link: https://www.econbiz.de/10012825345
Persistent link: https://www.econbiz.de/10001663193
In this paper, we define a tractable procedure to measure worker incomplete information in the labor market. The procedure, which makes use of earnings distribution skewness, is based on econometric frontier estimation techniques, and is consistent with search theory. We apply the technique to...
Persistent link: https://www.econbiz.de/10003085752
This paper develops a model of job creation and job destruction in a growing economy with embodied technical progress, that we use to analyze the political support for employment protection legislations such as the ones that are observed in most European countries. We analyze the possibility of...
Persistent link: https://www.econbiz.de/10014197577
Developing a labour market model of Saint-Paul, this paper studies the influence of fiscal policy on the labour market and the issue of political support of fiscal policies, and explains the existence of labour hoarding in Russian firms. Two models are developed: the model of political support...
Persistent link: https://www.econbiz.de/10014166581