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In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employment flows are similar in the two continents. In the model, firms use discretion in terms of whom...
Persistent link: https://www.econbiz.de/10010262352
Labor market regulations have often been blamed for high and persistent unemployment in Europe, but evidence on their …. This paper analyzes how labor and product market regulations interact to affect turnover and employment. We present a … matching model which illustrates how barriers to entry in the product market mitigate the impact of labor market deregulation …
Persistent link: https://www.econbiz.de/10010274496
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employment flows are similar in the two continents. In the model, firms use discretion in terms of whom...
Persistent link: https://www.econbiz.de/10011325985
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employment flows are similar in the two continents. In the model, firms use discretion in terms of whom...
Persistent link: https://www.econbiz.de/10014161382
Labor market regulations have often been blamed for high and persistent unemployment in Europe, but evidence on their …. This paper analyzes how labor and product market regulations interact to affect turnover and employment. We present a … matching model which illustrates how barriers to entry in the product market mitigate the impact of labor market deregulation …
Persistent link: https://www.econbiz.de/10013319621
This paper investigates the effect of firing costs on total factor productivity (TFP) and resource allocation. Exploiting heterogeneous changes in firing costs across employee types in Belgium, we find that increasing firing costs reduce firm-level TFP. Firms facing a net increase in firing...
Persistent link: https://www.econbiz.de/10014237832
misallocation of labor, but also affect growth by affecting firms' exit decisions. Importantly, charging firing costs only to …
Persistent link: https://www.econbiz.de/10013316706
This paper estimates a structural model of the employment decision of the firm. Ourestablishment level data displays an extreme degree of rigidity in that employment levels arelargely constant throughout our sample...
Persistent link: https://www.econbiz.de/10005861639
Product market regulation and employment protection are highly correlated across OECD countries. Using an augmented model of monopolistic competition we show why in countries with more regulated product markets, incumbent workers prefer to protect jobs relatively more. Product market regulation...
Persistent link: https://www.econbiz.de/10010261597
. However, such events usually do not happen without prior knowledge, which potentially leads to selection in the labor turnover …
Persistent link: https://www.econbiz.de/10010264326