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This paper examines both the determinants and the effects of changes in the rigidity of labor market legislation across countries over time. Recent research identifies the origin of the legal system as being a major determinant of the cross-country variation in the rigidity of employment...
Persistent link: https://www.econbiz.de/10013099682
This paper examines both the determinants and the effects of changes in the rigidity of labor market legislation across countries over time. Recent research identifies the origin of the legal system as being a major determinant of the cross-country variation in the rigidity of employment...
Persistent link: https://www.econbiz.de/10009629025
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
This paper provides a critical review of the recent empirical evidence on the links between regulations affecting the hiring and firing of workers, labour reallocation and productivity growth. It also reviews how workers affected by labour mobility fare and discusses policy options to support...
Persistent link: https://www.econbiz.de/10009153475
Persistent link: https://www.econbiz.de/10012436723
Persistent link: https://www.econbiz.de/10012437995
The recent wave of tech sector layoffs has highlighted concerns about worker protection from abrupt job loss. This paper introduces a new quasi-natural experiment, the state Worker Adjustment and Retraining Notification Act, which reflects these concerns by mandating advance notice to displaced...
Persistent link: https://www.econbiz.de/10014354723
I theoretically and empirically show that dismissal laws - laws that impose hurdles on firing of employees - spur … innovation and thereby economic growth. Theoretically, dismissal laws make it costly for firms to arbitrarily discharge employees … employment contracts are incomplete, dismissal laws enable such commitment. Specifically, absent such laws, firms cannot …
Persistent link: https://www.econbiz.de/10011858380
This paper argues that inclusive growth appears to be the only suitable strategy for realising the right to decent work (RDW) in the digital economy. This reasoning is in blunt opposition to the current mood of giving up this right in favour of an unconditional basic income (UBI). The study...
Persistent link: https://www.econbiz.de/10011866853
As China reformed its economy during the past 44 years, it experienced the fastest sustained expansion by a major economy in history, with an annual rate of GDP growth averaging nearly 10% from 1978 to 2018. In the past decade, however, the rate of growth has noticeably slowed, falling to just...
Persistent link: https://www.econbiz.de/10013322243