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Employment Protection, Product Market Regulation and Firm Selection
Koeniger, Winfried; Prat, Julien - 2021
This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search …-and-firing (intensive) margin. We characterize analytically how both margins depend on regulation before we calibrate the model to the US … through firm selection. Finally, the opposite effect of product and labor market regulation on job turnover rationalizes the …
Persistent link: https://www.econbiz.de/10013317674
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Effects of Employment Protection and Product Market Regulations on the Italian Labor Market
Kugler, Adriana D.; Pica, Giovanni - 2021
Labor market regulations have often been blamed for high and persistent unemployment in Europe, but evidence on their impact remains mixed. More recently, attention has turned to the impact of product market regulations on employment growth. This paper analyzes how labor and product market...
Persistent link: https://www.econbiz.de/10013319621
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Employment protection, product market regulation and firm selection
Koeniger, Winfried; Prat, Julien - 2006
This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search …-and-firing (intensive) margin. We characterize analytically how both margins depend on regulation before we calibrate the model to the US … through firm selection. Finally, the opposite effect of product and labor market regulation on job turnover rationalizes the …
Persistent link: https://www.econbiz.de/10010267510
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Employment Protection Legislation and Wages
Leonardi, Marco; Pica, Giovanni - 2021
In a perfect labor market severance payments can have no real effects as they can be undone by a properly designed labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages and on the tenure-wage profile in a quasi-experimental...
Persistent link: https://www.econbiz.de/10013316954
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Employment Protection Legislation and Wages
Leonardi, Marco; Pica, Giovanni - 2021
In a perfect labor market severance payments can have no real effects as they can be undone by a properly designed labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages and on the tenure-wage profile in a quasi-experimental...
Persistent link: https://www.econbiz.de/10013317171
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Employment protection, product market regulation and firm selection
Koeniger, Winfried; Prat, Julien - In: The economic journal : the journal of the Royal … 117 (2007), pp. 302-332
Persistent link: https://www.econbiz.de/10003485391
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Chapter 18 Job reallocation, employment fluctuations and unemployment
Mortensen, Dale T.; Pissarides, Christopher A. - In: Handbook of macroeconomics : volume 1, part B, (pp. 1171-1228). 1999
The purpose of this chapter is twofold. First, it reviews the model of search and matching equilibrium and derives the properties of employment and unemployment equilibrium. Second, it applies the model to the study of employment fluctuations and to the explanation of differences in unemployment...
Persistent link: https://www.econbiz.de/10014024227
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Anti-competitive and regulatory barriers in the United States labour market
Hermansen, Mikkel Nørlem - 2020
Occupational licensing and non-competition agreements are two important types of labour market regulation in the United … States, both covering around one fifth of all workers. While some regulation is needed to protect safety and ensure quality … these barriers. The States are mainly responsible for labour market regulation and the variation across States is similar to …
Persistent link: https://www.econbiz.de/10012304432
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Temporary Layoffs, Firm Entry and Exit Dynamics, and Aggregate Fluctuations
Chugh, Sanjay; Finkelstein Shapiro, Alan - 2023
We study how the countercyclicality of temporary layoffs affects aggregate unemployment fluctuations, firm entry and exit dynamics, and macroeconomic fluctuations by building a tractable framework with equilibrium unemployment and endogenous firm entry and exit where firms have a choice over...
Persistent link: https://www.econbiz.de/10014263522
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Labor market regulation and firm adjustments in skill demand
Bottasso, Anna; Bratti, Massimiliano; Cardullo, Gabriele; … - 2023
We study how changes in labor market regulation may trigger firm adjustments in skill demand. Leveraging rich … tightened temporary contracts' regulation to increase job stability. By using a difference-in-differences design, we document …
Persistent link: https://www.econbiz.de/10014310531