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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/10012464806
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/10012477013
workers are employed in more productive industries. The evidence confirms assortative matching can be present even when worker …
Persistent link: https://www.econbiz.de/10012458196
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/10012468479
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/10012471121
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/10012472229
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/10012474052
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/10012475886
We study specialized lending in a credit market competition model with private information. Two banks, equipped with similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank gains an additional advantage through further...
Persistent link: https://www.econbiz.de/10014486246
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/10012465796