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"According to the "compensation theory", market forces should assure a complete compensation of the initial labour-saving impact of process innovations. In this paper a critique of this approach is proposed through a detailed survey of the theoretical and empirical literature on the subject. The...
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This paper aims to provide a frame of mind to understand the link between structural change and regional unemployment … mechanism to generate convergence in local unemployment rates has long neglected the question of how regional imbalances arise … high unemployment regions have a higher, not a lower rate of reallocation; this suggests, in turn, that they do not suffer …
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This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New Keynesian model with purely endogenous separations. We further...
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Severance pay mandates are an appealing job displacement insurance strategy in developing countries, which have only modest government administrative capacities, but they carry the threat of adverse indirect effects. A critical review of the empirical literature reveals that severance benefit...
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cognitive skills. Reliable measures of character have been developed. All measures of character and cognition are measures of … cost-effective way. Many of them beneficially affect later-life outcomes without improving cognition. There are fewer long …
Persistent link: https://www.econbiz.de/10010221678