Showing 1 - 10 of 101
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...
Persistent link: https://www.econbiz.de/10011450828
This paper brings together the modern literatures on monopsony power and labor unions by empirically examining the effects of unionization on the dynamics of worker earnings across differently concentrated markets. Exploiting tax reforms to union due deductions as exogenous shocks to...
Persistent link: https://www.econbiz.de/10012745267
According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high unemployment makes it easier to fill vacancies....
Persistent link: https://www.econbiz.de/10012026458
Recruitment behavior is important for the matching process in the labor market. Using unique linked survey-administrative data, we explore the relationships between hiring and recruitment policies. Faster hiring goes along with higher search effort, lower hiring standards and more generous...
Persistent link: https://www.econbiz.de/10012219357
businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …
Persistent link: https://www.econbiz.de/10011800715
effects on physical capital, employment and productivity through a production function. On the basis of reforms defined as … impacts. By contrast, the long-term impact of policies coming only via the employment rate channel materialises at shorter …
Persistent link: https://www.econbiz.de/10011638280
-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how …
Persistent link: https://www.econbiz.de/10012388225
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of unemployment and vacancy rates and the related matching...
Persistent link: https://www.econbiz.de/10009707552
The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...
Persistent link: https://www.econbiz.de/10009781640
The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s … percent. We examine whether relatively standard wage and employment equations can account for the volatile economic … demand equations suggest that cuts in working time may have slightly increased employment as firms substituted workers for …
Persistent link: https://www.econbiz.de/10009533963