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| Registros recuperados: 11 | |
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| Caballero, Ricardo J.; Cowan, Devin N.; Engel, Eduardo M.R.A.; Micco, Alejandro. |
| Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief among the latter is labor market regulation. While few economists would object to such a view, its empirical support is rather weak. In this paper we revisit this hypothesis and find strong evidence for it. We use a new sectoral panel for 60 countries and a methodology suitable for such a panel. We find that job security regulation clearly hampers the creative-destruction process, especially in countries where regulations are likely to be enforced. Moving from the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Microeconomic rigidities; Creative-destruction; Job security regulation; Adjustment costs; Rule of law; Productivity growth; Labor and Human Capital; E24; J23; J63; J64; K00. |
| Ano: 2004 |
URL: http://purl.umn.edu/28486 |
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| Wolthoff, Ronald P.. |
| Much of the job search literature assumes bilateral meetings between workers and firms. This ignores the frictions that arise when meetings are actually multilateral. I analyze the magnitude of these frictions by presenting an equilibrium job search model with an endogenous number of contacts. Workers contact firms by applying to vacancies, whereas firms contact applicants by interviewing them. Sending applications and interviewing applicants are costly activities but increase the probability to match. In equilibrium, contract dispersion arises and workers spread their applications over the different contract types. Estimation of the model on the Employment Opportunities Pilot Projects data set provides values for the cost of an application, the cost of an... |
| Tipo: Working Paper |
Palavras-chave: Directed Search; Recruitment; Stable Matching; Labor Market Frictions; Structural Estimation; Efficiency; Policy Analysis; Labor and Human Capital; J64; J31; D83. |
| Ano: 2011 |
URL: http://purl.umn.edu/119114 |
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| Lim, So Yeong; Chen, Susan E.; Waldorf, Brigitte S.. |
| This study examines Food Stamp Program (FSP) participation patterns with an emphasis on macroeconomic effects and age differences. Entry into and exit out of the program are examined with data from the Survey of Income and Program Participation 2004 panel using probit techniques. The results indicate that young adults easily enter the FSP but quickly move out. Older people are hesitant to enter the FSP but they stay on longer compared to their younger counterparts. The estimation results confirm the common belief that economic dynamics and FSP participation are negatively related. When the unemployment rates rise, the likelihood of entry and continuation on food stamps increases. This study also documents that the macroeconomic effects on FSP transitions... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Food stamps; Age; Macroeconomy; Transition; Agricultural and Food Policy; Food Security and Poverty; I38; J64. |
| Ano: 2011 |
URL: http://purl.umn.edu/108558 |
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| Taub, Bart. |
| A firm monopsonistically hires labor from a pool containing both skilled and unskilled workers. The marginal value of a worker depends on the match between the job and the worker's skill level. Unskilled workers can have negative productivity if they are placed in a skilled job. The firm cannot distinguish the two types. The workers are initially dispersed and search for the high wage jobs from the firm. The workers' skill levels are correlated with their patience; equivalently, they obtain indirect benefits, such as non-firm-specific career capital, from jobs that use their skill appropriately. By judiciously choosing different wages for different types of jobs, the firm can partially filter the appropriate worker types and match them with the appropriate... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Labor and Human Capital; C73; D83; E24; J64. |
| Ano: 2001 |
URL: http://purl.umn.edu/26256 |
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| Eguia, Begona; Echevarria, Cruz A.. |
| This paper discusses the long run effect of changes in the age distribution of Spanish population on the unemployment rate, disaggregated by sex and age segments in the light of cointegration theory given the non stationarity of the series. Four main results are obtained. First, empirical analysis does not provide a clear scheme concerning the long run relationships between population variables and the specificunemployment rates for different groups. Second, as a first approximation one can detect the existence of, at least, one long run equilibrium relationship in all sex-age groups, except for the ones including the middle aged unemployed female workers and oldest unemployed female workers. Third, a more thorough analysis enables us to justify the... |
| Tipo: Journal Article |
Palavras-chave: Unemployment rates; Population aging; Cointegration; E24; J19; J64. |
| Ano: 2007 |
URL: http://purl.umn.edu/43641 |
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| Sharif, Najma R.; Dar, Atul A.. |
| Most studies of wage differentials explain such differentials in terms of factors like gender, race, and human capital. But systematic gaps in earnings can arise even among homogenous individuals as a result of asymmetric employer and worker information gaps, thereby reflecting labour market inefficiency. This paper estimates these gaps in terms of wage differentials across various population groups in Canada. We examine 21 populations groups, which include a number of immigrant groups as well. Information gaps are likely to be important in the context of immigrants, especially those new to Canadian labour markets. Our special interest is not only to compare information gaps of immigrant and other population groups, but also to assess whether (and how)... |
| Tipo: Journal Article |
Palavras-chave: Labour markets; Information gaps; Wages; Labor and Human Capital; J31; J61; J64. |
| Ano: 2007 |
URL: http://purl.umn.edu/50162 |
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| Registros recuperados: 11 | |
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