Since 2003 the German Public Employment Service has been experimenting with the contracting out of various services. One of the new labour market programmes is Personnel Service Agencies, which provide client firms with jobseekers on a temporary assignment basis and are responsible for...

This paper studies a dynamic model with efficiency wages and adjustment costs associated with hiring and firing decisions. With linear adjustment costs, the optimal efficiency wage and employment are affected by the real interest rate and adjustment costs. When lumpy costs or convex adjustment...

This paper provides a socio-psychological theory of efficiency wage growth. The model blends agency theory with the Forced Savings hypothesis by assuming that firms set an increasing wage profile to minimize shirking costs, and that workers’ effort is positively related to the variation of...

This paper provides a socio-psychological theory of efficiency wage growth. The model blends agency theory with the Forced Savings hypothesis by assuming that firms set an increasing wage profile to minimize shirking costs, and that workers’ effort is positively related to the variation of...

The Chinese labour market has undergone an extensive restructuring in the last four-and-a-half decades, following the start of the economic reforms, and the open door policy for foreign investment in 1978, under the leadership of Deng Xiaoping. The nature of employment contracts, labour market...

The entrance of young people in the labour market at older ages than in the past is correlated to the increased trend in education. Both these changes, the delay in entrances and the increase in the number of years spent at school, are much more marked in the case of women. One additional school...

This paper examines the changes of the degree of job absorption over time in job categories of Engineering, Computer Sciences, Business Administration and General subjects. We estimated a time-delay index explaining time-delay to get the first job after completing studies in the respective...

Fluctuations in employment are one of the central issues in the labor market literature and have been investigated in a number of empirical and theoretical studies. This study presents a dynamic framework that can analyze the economy in which long-term and short-term contracts coexist. The...

Fluctuations in employment are a central issue in labour market literature, and they have been investigated in many empirical and theoretical studies. This study constructs a model with adjustment costs and explicit employment contract duration and analyses the employment fluctuations in a...

Fluctuations in employment are one of the central issues in the labor market literature and have been investigated in a number of empirical and theoretical studies. This study presents a dynamic labor demand framework in which long-term and short-term contracts coexist, and analyzes the...