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Persistent link: https://www.econbiz.de/10015421623
This paper studies the role of labor courts in determining labor market outcomes in the Brazilian economy. First, by exploring the fact that judges are assigned randomly to cases and using the universe of labor lawsuits filed in the country's largest labor courthouse from 2008 to 2013, we show...
Persistent link: https://www.econbiz.de/10014083225
We assess Hirschman's theory of exit, voice and loyalty in the context of voluntary exit from organizations in the public workforce. Specifically, we test the effects of loyalty and voice on the likelihood a person states their intention to leave. We assess these relationships using data from...
Persistent link: https://www.econbiz.de/10014027663
influence career choice, inference benefits from the use of non-wage measures, such as seniority. We apply it to study labor …
Persistent link: https://www.econbiz.de/10014030552
Using a structural model, I examine the distortionary effects of frictions in the CEO labor market. Firms experience productivity shocks over time and either outgrow or underutilize their incumbent CEO's talent, but keep their manager to avoid a switching cost. The decision to replace a manager...
Persistent link: https://www.econbiz.de/10013072798
A key feature of the Danish labour market is its so-called flexicurity, the coexistence of flexibility (low adjustment costs for both employers and employees) and security (owing to a developed social safety net with high coverage and high replacement ratios). This is often believed to have...
Persistent link: https://www.econbiz.de/10009683156
Who fares worse in an economic downturn, low- or high-paying firms? Different answers to this question imply very different consequences for the costs of recessions. Using U.S. employer-employee data, we find that employment growth at low-paying firms is less cyclically sensitive. High-paying...
Persistent link: https://www.econbiz.de/10010436157
Employment is pivotal to strengthening Greece’s economic recovery, increasing social welfare and redressing poverty. Jobs are returning, making inroads into high unemployment, but their wages and skill levels are lower than many that were lost during the crisis. Greece’s hiring is benefiting...
Persistent link: https://www.econbiz.de/10011914643
The chief executive officers (CEOs) of public companies receive generous compensation packages that grow substantially … predicted by frictionless assignment models. To understand the factors behind compensation growth and account for potential job … surplus. Headhunting explains approximately 25% of the steady state growth of executive compensation. In contrast with static …
Persistent link: https://www.econbiz.de/10013211605
We use detailed administrative data to study how acquisitions - specifically the acquisition of a plant by a firm with a similar plant in the same local labor market - affect workers. Using an event study framework with a control group of workers at unaffected plants, we find that acquisitions...
Persistent link: https://www.econbiz.de/10012249742