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Throughout the postwar era until 1995 labor productivity grew faster in Europe than in the United States. Since 1995, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe's productivity growth slowdown was largely offset by faster growth in...
Persistent link: https://www.econbiz.de/10012772452
There has been a wide variety of research on worker-hours substitution and the effects of various costs on the speed and extent to which labor demand adjusts. Much of this literature, though, confuses various types of fixed costs and fails to provide a guide for identifying how changes in...
Persistent link: https://www.econbiz.de/10013247209
workers are employed in more productive industries. The evidence confirms assortative matching can be present even when worker …
Persistent link: https://www.econbiz.de/10013047408
The need for school-to-work programs or other means of increasing early job market stability is predicated on the view … determination of early job stability as a response to job match quality which may also influence adult wages using labor market … conditions in the early years in the labor market as instrumental variables for the job stability experienced during those years …
Persistent link: https://www.econbiz.de/10013221944
Job security provisions are widely believed to reduce dismissals and hiring. In addition, in developing countries job security is believed to reduce compliance with labor regulations and to increase informal activity. Reductions in dismissal costs are, thus, often advocated as a way to increase...
Persistent link: https://www.econbiz.de/10013225852
This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We concentrate on the reform to job security, on the decentralization of the wage bargaining process, and on the reduction in payroll taxes. Our interest is to understand to what extent...
Persistent link: https://www.econbiz.de/10013226914
Two key attributes of a job are its wage and its duration. Much has been made of changes in the wage distribution in the 1980s, but little attention has been given to job durations since Hall (1982). We fill this void by examining the temporal evolution of job retention rates in U.S. labor...
Persistent link: https://www.econbiz.de/10013233742
in the two countries. Although workers in Japan enjoy greater employment stability than do U.S. workers, we find …
Persistent link: https://www.econbiz.de/10013216120
Theory predicts that mandated employment protections may reduce productivity by distorting production choices. Firms … mandated employment protections reduce productive efficiency as theory would suggest. However, our analysis also presents some …
Persistent link: https://www.econbiz.de/10012760431
The misuse of alcoholic beverages ('problem drinking') has been demonstrated to result in enormous economic costs; most of these costs have been shown to be reduced productivity in the labor market. The purpose of this paper is to present sound structural estimates of the relationship between...
Persistent link: https://www.econbiz.de/10014158808