Le droit du licenciement expose-t-il les entreprises françaises à un "risque judiciaire"? L’article discute les arguments des différentes thèses (Blanchard et Tirole (2003), Cahuc et Kramarz (2004), Munoz-Perez et Serverin (2005)) en interprétant les informations empiriques disponibles...

Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For these reasons it is important to explain why we...

In these tough economic times, employers have responded by pursuing four-day work weeks and other mechanisms that change the components of the standard five-day work week. Although four-day work weeks provide some savings in the form of reduced operating and energy costs and have received recent...

Over the past year or so, a conventional wisdom has developed about the status of the legal job market. This conventional wisdom has at least three components: (1) Recent graduates are getting law jobs at distressingly low levels. (2) The legal job market is undergoing a profound structural...

Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For these reasons it is important to explain why we...

Using the analytical tools of New Institutional Economics it can be shown that efficient employment protection should be differentiated according to the amount and kind of the worker's investment in human capital. Hence, employment protection serves different purposes in different cases. A...

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...

In most European countries, nominal wages are given in collective agreements or individual employment contracts, and the employer cannot unilaterally cut wages, even after the expiration of a collective agreement. Ceteris paribus, workers have a stronger bargaining position when they try to...

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...

The level of economic development of county and it’s capacity to provide jobs reflects important issues which could be measured in line with the occupancy degree of the workforce. In the context of our county’s accession to the European Union, Romania should pursue a sustainable economic...