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Employment protection in dual labor markets : any amplification of macroeconomic shocks?
Lochner, Benjamin - 2014
unemployment, this paper theoretically investigates the importance of labor market duality on labor market volatilities. The new … insight is that duality leads to a non-linear reaction of unemployment volatility for both supply and demand shocks. A … subsequent empirical panel data analysis confirms the model predictions. Uncovering the non-linearity in unemployment volatility …
Persistent link: https://www.econbiz.de/10010439587
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Employment protection in dual labor markets: Any amplification of macroeconomic shocks?
Lochner, Benjamin - 2014
unemployment, this paper theoretically investigates the importance of labor market duality on labor market volatilities. The new … insight is that duality leads to a non-linear reaction of unemployment volatility for both supply and demand shocks. A … subsequent empirical panel data analysis confirms the model predictions. Uncovering the non-linearity in unemployment volatility …
Persistent link: https://www.econbiz.de/10010435902
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Employment protection in dual labor markets: Any amplification of macroeconomic shocks?
Lochner, Benjamin - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2014
unemployment, this paper theoretically investigates the importance of labor market duality on labor market volatilities. The new … insight is that duality leads to a non-linear reaction of unemployment volatility for both supply and demand shocks. A … subsequent empirical panel data analysis confirms the model predictions. Uncovering the non-linearity in unemployment volatility …
Persistent link: https://www.econbiz.de/10011099956
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Some Thoughts on Macroeconomic Fluctuations and the Timing of Labor Market Reform
Saint-Paul, Gilles - 2002
n 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/10010262615
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Some thoughts on macroeconomic fluctuations and the timing of labor market reform
Saint-Paul, Gilles - 2002
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/10011414121
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Macroeconomic Fluctuations and the Timing of Labour Market Reforms
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002
In this Paper, I analyse the pros and cons of implementing structural reforms of the labour market in booms versus 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...
Persistent link: https://www.econbiz.de/10005504569
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Some Thoughts on Macroeconomic Fluctuations and the Timing of Labor Market Reform
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2002
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/10005761804
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Measuring heterogeneity in job finding rates among the nonemployed using labor force status histories
Kudlyak, Marianna; Lange, Fabian - 2014
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10010440544
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How cyclical is the user cost of labor?
Kudlyak, Marianna - 2024
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
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How Cyclical Is the User Cost of Labor?
Kudlyak, Marianna - 2024
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014533978