This study provides the first analysis of Japan's 2018 Work Style Reform (WSR) and its effects on firms and workers, using payroll and survey data in a difference-in-difference design. We find that the reform's introduction of an overtime cap reduces average monthly overtime hours by 5 hours...

How does small-firm employment respond to exogenous labor productivity risk? We find that this depends on the capitalization of firms' local banks. The evidence comes from firms offering (quasi-) fixed employment to workers whose productivity depends on the weather. Weather risk reduces this...

Using a Diamond-Mortensen-Pissarides (DMP) model with noisy signals on worker-firm match quality calibrated on data from 30 US states for 1999 and 2017, Pries and Rogerson argue that improved screening may explain the decrease in short-term employment spells observed in the US labor market....

This paper contributes to recent research on work organization as a key success factor. On the theoretical side, two alternative analytical explanations are combined to an inte-grated approach, which predicts the existence of a clear cut ranking of organizational systems. In addition, this...

We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...

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

We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that wages are renegotiated by mutual agreement only is introduced in a matching model with endogenous job destruction – la Mortensen and Pissarides (1994) in order to get wage...

It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la...

In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the job loss rate is much...

Many European labor markets are characterized by heavy employment protection taxes and the widespread use of fixed-duration contracts. The simultaneous use of these two policy instruments seems somewhat contradictory since the former primarily aims at limiting job destruction whereas the latter...