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The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy. The approach undertaken is prominently empirical. After a very brief description of the regulatory levels on the two sides of the Atlantic, we...
Persistent link: https://www.econbiz.de/10005792522
performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …
Persistent link: https://www.econbiz.de/10011083713
To generate big responses of unemployment to productivity changes, researchers have reconfigured matching models in … these redesigned matching models increase responses of unemployment to movements in productivity by diminishing the …
Persistent link: https://www.econbiz.de/10011201357
In this paper, we analyse employment and capital adjustments using a panel of plants from Colombia. We allow for … nonlinear adjustment of employment to reflect not only adjustment costs of labour but also adjustment costs of capital, and vice …-level productivity, demand shocks, and cost shocks, and use them to measure desired factor levels. We then estimate adjustment functions …
Persistent link: https://www.econbiz.de/10005124008
This paper explores the dynamic behavior of investment and hiring within a unified framework, stressing their mutual dependence and placing the emphasis on their joint, forward-looking behavior. Using structural estimation in aggregate, private sector U.S. data, it shows that the model, which...
Persistent link: https://www.econbiz.de/10008854549
, employment, gross investment and physical capital. We find that a conventional specification — quadratic adjustment costs for … capital and no hiring costs — performs poorly. Rather hiring and investment flows, unlike employment and capital stocks, are …
Persistent link: https://www.econbiz.de/10005114309
labour share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data …
Persistent link: https://www.econbiz.de/10005114490
The paper explains how a country can fall into a 'low-skill, bad-job trap', in which workers acquire insufficient training and firms provide insufficient skilled vacancies. In particular, the paper argues that in countries where a large proportion of the workforce is unskilled, firms have little...
Persistent link: https://www.econbiz.de/10005124126
A significant gap exists in the UK between the employment rate for Ethnic Minorities and that for Whites. From a policy … discriminatory behaviour in the labour market. In this paper, we use administrative data to estimate ethnic differences in employment …
Persistent link: https://www.econbiz.de/10005667048
the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in … several sectors of many OECD countries, we provide substantial and robust evidence that various measures of regulation in the …
Persistent link: https://www.econbiz.de/10005791979