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We study how the political cost of enforcing a lockdown in response to the COVID- 19 outbreak relates to citizens' propensity for altruistic punishment in Italy, the early epicenter of the pandemic. Approval for the government's management of the crisis decreases with the amount of the penalties...
Persistent link: https://www.econbiz.de/10013250778
to illegal moving costs proxied by distance.We build a novel dataset of geolocalized time-varying migration routes …
Persistent link: https://www.econbiz.de/10012906494
Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that predicted severance plan consequences depend critically on the precise structure of the plan. Whether governments mandate (i) severance insurance plans or (ii) severance savings plans...
Persistent link: https://www.econbiz.de/10013141753
macroeconomic volatilities. In our subsequent empirical estimations, we find that higher labor turnover costs have a statistically … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …
Persistent link: https://www.econbiz.de/10013143682
Job-to-job turnover provides a way for employers to escape statutory firing costs, as unprofitable workers may … willfully quit their job on receiving an outside offer, thus sparing their incumbent employer the firing costs. Furthermore … employed job search, our model explains why higher firing costs intensify job-to-job turnover at the expense of transitions out …
Persistent link: https://www.econbiz.de/10013119296
seminal study, Lazear (1990) found that contract avoidance of severance pay firing costs was theoretically simple – a bonding …, formal measures of severance-induced firing costs and hiring costs are derived. Firing costs are, it turns out …, systematically less than benefit generosity alone would imply. Moreover their interrelationship with hiring costs, often employed in …
Persistent link: https://www.econbiz.de/10013121754
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...
Persistent link: https://www.econbiz.de/10013123590
This paper presents and tests a model that may partially explain why the demand for labor adapts to the availability of labor. In particular, I postulate that the cost of hiring declines with increases in the amount of labor available. The cost of hiring would decrease with a growth in available...
Persistent link: https://www.econbiz.de/10013104064
paper, we show that frictions in the labour market leading to monitoring costs tend to reduce the growth of the firm via two …
Persistent link: https://www.econbiz.de/10013104968
We apply an extension of the Rothbarth approach to estimate the share of household resources accruing to children (i.e., the cost of children) in Ireland. The method also allows us to identify the economies of scale in the household and indifference scales in Lewbel (2003)'s sense. A practical...
Persistent link: https://www.econbiz.de/10013149511