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This paper examines both the determinants and the effects of changes in the rigidity of labor market legislation across countries over time. Recent research identifies the origin of the legal system as being a major determinant of the cross-country variation in the rigidity of employment...
Persistent link: https://www.econbiz.de/10009629025
Central to the economic theory of sticky costs is the proposition that managers consider adjustment costs when changing … proxy for labor adjustment costs. Using a large sample of firms in 19 OECD countries during 1990-2008, we find that the … adjustment costs …
Persistent link: https://www.econbiz.de/10013037731
Persistent link: https://www.econbiz.de/10011499321
Persistent link: https://www.econbiz.de/10013197948
The global financial crisis deeply impacted labour markets around the globe. In the case of the United States, some commentators have argued that the subsequent rise in unemployment exceeded previous estimates of the elasticity of the unemployment rate with respect to output growth, a...
Persistent link: https://www.econbiz.de/10010205770
Empirical investigation of the labor market consequences of employment protection has mushroomed since Lazear's (1990) pioneering study. Having sketched the theoretical background, we chart the course of the modern empirical literature. We focus mainly on dismissals protection, distinguishing...
Persistent link: https://www.econbiz.de/10013320772
The aim of this research was to identify determinants of the employment protection legislation reforms in the global perspective. The study was based on the Labor Freedom index published by the Heritage Foundation, which allowed to include 179 countries in the research that were observed in the...
Persistent link: https://www.econbiz.de/10012010961
always entails sacrifices and uncertainty. The possible costs range from the emotional cost of separation from families and …, facing these costs or risks, in order to improve their living standards and those of their families. The implications for …
Persistent link: https://www.econbiz.de/10012909526
The paper delves into the ways in which EU competition law affects the right of workers to combine with each other and act, collectively, in the furtherance of their rights and interests at work, in particular by means of collective agreements concluded with one or more employers. It begins by...
Persistent link: https://www.econbiz.de/10013236906