The Endogeneity of Employment Adjustment Costs
Author | : Charles A. Fleischman |
Publisher | : |
Total Pages | : 46 |
Release | : 1996 |
Genre | : Employment (Economic theory) |
ISBN | : |
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Author | : Charles A. Fleischman |
Publisher | : |
Total Pages | : 46 |
Release | : 1996 |
Genre | : Employment (Economic theory) |
ISBN | : |
Author | : Charles A. Fleischman |
Publisher | : |
Total Pages | : 50 |
Release | : 1996 |
Genre | : Bootstrap (Statistics) |
ISBN | : |
Author | : James J. Heckman |
Publisher | : University of Chicago Press |
Total Pages | : 585 |
Release | : 2007-11-01 |
Genre | : Law |
ISBN | : 0226322858 |
Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, Law and Employment provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation.
Author | : Werner Smolny |
Publisher | : Springer Science & Business Media |
Total Pages | : 283 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642576966 |
The recent development of endogenous growth theories has renewed the in terest into the sources of productivity growth of the advanced industrialized economies. The basic advance of these models is that the evolution of tech nological progress is explained endogeneously within the economic model. The most important concept is the idea of endogenous, market-driven inno vations which are seen as the basic source of technological advances. Firms develop sophisticated production techniques and new products in order to reduce costs or to stimulate demand. Equally important is the concept of knowledge spillovers from innovation activities and scale economies associ ated with them. External effects drive a wedge between private and social re turns of innovation activities, and scale economies affect the market structure. In addition, each year's productivity increases exhibit an enormous social value. Therefore, the analysis of endogenous innovations, scale economies, and knowledge spillovers has important implications for economic policy which enhances the interest into empirical investigations of these issues. This book is a collection of theoretical and empirical work on this subject. It combines micro economic and macroeconomic issues; a special emphasis is placed on empirical applications. Much work has been devoted to the search and the preparation of appropriate data, and all models are estimated with panel data. The first two chapters take an aggregate view at the growth process.
Author | : Pierre Cahuc |
Publisher | : MIT Press |
Total Pages | : 1081 |
Release | : 2014-08-15 |
Genre | : Business & Economics |
ISBN | : 0262325543 |
The new edition of a widely used, comprehensive graduate-level text and professional reference covering all aspects of labor economics, with substantial new material. This landmark graduate-level text combines depth and breadth of coverage with recent, cutting-edge work in all the major areas of modern labor economics. Its command of the literature and its coverage of the latest theoretical, methodological, and empirical developments make it also a valuable resource for practicing labor economists. This second edition has been substantially updated and augmented. It incorporates examples drawn from many countries, and it presents empirical methods using contributions that have proved to be milestones in labor economics. The data and codes of these research publications, as well as numerous tables and figures describing the functioning of labor markets, are all available on a dedicated website (www.labor-economics.org), along with slides that can be used as course aids and a discussion forum. This edition devotes more space to the analysis of public policy and the levers available to policy makers, with new chapters on such topics as discrimination, globalization, income redistribution, employment protection, and the minimum wage or labor market programs for the unemployed. Theories are explained on the basis of the simplest possible models, which are in turn related to empirical results. Mathematical appendixes provide a toolkit for understanding the models.
Author | : Pierre Cahuc |
Publisher | : MIT Press |
Total Pages | : 896 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : 9780262033169 |
A comprehensive graduate-level text and professional reference covering all aspects of labor economics.
Author | : Daniel S. Hamermesh |
Publisher | : Oxford University Press |
Total Pages | : 464 |
Release | : 2017-05-19 |
Genre | : Business & Economics |
ISBN | : 019250889X |
The book collects articles published by Daniel Hamermesh between 1969 and 2013 dealing with the general topic of the demand for labor. The first section presents empirical studies of basic issues in labor demand, including the extent to which different types of labor are substitutes, how firms' and workers' investments affect labor turnover, and how costs of adjusting employment affect the dynamics of employment and patterns of labor turnover. The second section examines the impacts of various labor-market policies, including minimum wages, penalty pay for using overtime hours or hours worked on weekends or nights, severance pay for displaced workers, and payroll taxes to finance unemployment insurance benefits. The final section deals with general questions of discrimination by employers along various dimensions, including looks, gender and ethnicity, in all cases focusing on the process of discrimination and the behavior that results. Throughout the focus is on the development of theoretically-based hypotheses and testing them using the most appropriate data, often data collected uniquely for the particular project.
Author | : Paul Burstein |
Publisher | : Transaction Publishers |
Total Pages | : 462 |
Release | : |
Genre | : Political Science |
ISBN | : 9780202365893 |
This collection of writings is the only broad, interdisciplinary introduction to the struggle for EEO and its consequences.
Author | : Mirko Abbritti |
Publisher | : International Monetary Fund |
Total Pages | : 49 |
Release | : 2021-08-06 |
Genre | : Business & Economics |
ISBN | : 1513583980 |
Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions, endogenous productivity and downward wage rigidity (DWR) which challenges these results. The model features a non-vertical long-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change the welfare-maximizing inflation level. For a plausible set of parameters, the optimal inflation target is in excess of two percent, a target value commonly used across central banks. Deviations from the optimal target carry welfare costs multiple times higher than in traditional NK models. The main reason is that endogenous growth and DWR generate asymmetric and hysteresis effects on unemployment and output. Price level targeting or a Taylor-rule responding to the unemployment rate can handle better the asymmetric and hysteresis effects in our model and deliver significant welfare gains. Our results are robust to the inclusion of the effective lower bound on the monetary policy interest rate.