Under the Government's New Deal proposals to help create jobs for the young unemployed, employers are offered margtnal employment subsidies. Such interventions involve relative changes in the firm's fixed and variable labour costs. In turn, cost changes have implications for both employment and...

De nombreux travaux economiques, theoriques ou empiriques, affirme qu'il est malavise de vouloir creer des emplois en reduisant la duree du travail. Le present article examine plusieurs des points cles evoques dans ces analyses. Il s'appuie d'abord sur un modele de base de la demande de travail...

Under the Government's New Deal proposals to help create jobs for the young unemployed, employers are offered margtnal employment subsidies. Such interventions involve relative changes in the firm's fixed and variable labour costs. In turn, cost changes have implications for both employment and...

A radical reform of National Insurance was implemented in April I999. One objective of the reform was to stimulate job creation. This note analyses the effect of the changes in employers' contributions on employment. We find that the reform could stimulate the creation of about 200,000 jobs in...

Unlike the United States, Britain has no national laws regulating overtime hour assignment or compensation. Using individual-level data on male non-managerial workers from the 1998 British New Earnings Survey, the authors investigate relationships among the standard hourly wage rate, hourly...

We show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms' intensive margins. Short-run changes in work intensity and the longer-term influence of potential productivity combined to influence real wage growth. By contrast, the external...

A major objective of the government during the Great Recession has been severely to restrict public sector real wage growth. One potential advantage of performance-related pay schemes is that they naturally offer greater wage responsiveness to fluctuations in the business cycle. Based on...