Firms And Labor Markets
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Labor Markets And Business Cycles
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Author : Robert Shimer
language : en
Publisher: Princeton University Press
Release Date : 2010-04-12
Labor Markets And Business Cycles written by Robert Shimer and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-12 with Business & Economics categories.
Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.
Family Firms And Labor Market Regulation
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Author : Morten Bennedsen
language : en
Publisher:
Release Date : 2015
Family Firms And Labor Market Regulation written by Morten Bennedsen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
In a panel of more than 6,900 firms in 28 countries over 10 years we provide evidence that family control and labor market regulation are substitute governance mechanisms. First, family firms have performance advantages over non-family firms in countries with less regulated labor markets. This is robust to matching and using survey-based instruments for family control. Second, in less regulated labor markets, family firms have lower employment level variations supporting the claim that labor relations drive family firms' performance advantages. Third, the performance advantages in less regulated labor markets is smaller in industries with high labor intensity and high labor volatility.
Essays On Labour Markets
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Author : Sebastian Buhai
language : en
Publisher: Rozenberg Publishers
Release Date : 2008
Essays On Labour Markets written by Sebastian Buhai and has been published by Rozenberg Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
The Analysis Of Firms And Employees
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Author : Stefan Bender
language : en
Publisher: University of Chicago Press
Release Date : 2009-05-15
The Analysis Of Firms And Employees written by Stefan Bender and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-15 with Business & Economics categories.
The long-term impact of globalization, outsourcing, and technological change on workers is increasingly being studied by economists. At the nexus of labor economics, industry studies, and industrial organization, The Analysis of Firms and Employees presents new findings about these impacts by examining the interaction between the internal workings of businesses and outside influences from the market using data from countries around the globe. The result is enhanced insight into the dynamic interrelationship between firms and workers. A distinguished team of researchers here examines the relationships between human resource practices and productivity, changing ownership and production methods, and expanding trade patterns and firm competitiveness. With analyses of large-scale, nationwide datasets as well as focused, intensive observation of a few firms, The Analysis of Firms and Employees will challenge economists, policymakers, and scholars alike to rethink their assumptions about the workplace.
Firms And Labor Markets
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Author : Francesco Loiacono
language : en
Publisher:
Release Date : 2023
Firms And Labor Markets written by Francesco Loiacono and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Labor Markets And Employment Relationships
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Author : Joyce Jacobsen
language : en
Publisher: John Wiley & Sons
Release Date : 2008-04-15
Labor Markets And Employment Relationships written by Joyce Jacobsen and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04-15 with Business & Economics categories.
This innovative text grounds the economic analysis of labor markets and employment relationships in a unified theoretical treatment of labor exchange conditions. In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study the implications of key departures from perfectly competitive labor market conditions. Analytical results are consistently applied to contemporary policy issues and empirical debates. Provides a coherent theoretical framework for the analysis of labor market phenomena Features graphical in-chapter analysis supplemented by technical material in appendices Incorporates numerous end-of-chapter questions that engage the analysis and anticipate subsequent results Includes innovative chapters on employee compensation methods, market segmentation, income inequality and labor market dynamics Balances theoretical, empirical and policy analysis
The Dynamic Effects Of Local Labor Market Shocks On Small Firms In The United States
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Author : Mr. Philip Barrett
language : en
Publisher: International Monetary Fund
Release Date : 2024-03-22
The Dynamic Effects Of Local Labor Market Shocks On Small Firms In The United States written by Mr. Philip Barrett and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-22 with Business & Economics categories.
We use payroll data on over 1 million workers at 80,000 small firms to construct county-month measures of employment, hours, and wages that correct for dynamic changes in sample composition in response to business cycle fluctuations. We use this to estimate the response of small firms' employment, hours and wages following tighter local labor market conditions. We find that employment and hours per worker fall and wages rise. This is consistent with the predictions of the response to a demand shock in the well-known “jobs ladder” model of labor markets. To check this interpretation, we show our results hold when instrumenting for local demand using county-level Department of Defense contract spending. Correction for dynamic sample bias is important -- without it, the hours fall by only one third as much and wages increase by double.
Sourcebook Of Labor Markets
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Author : Ivar Berg
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Sourcebook Of Labor Markets written by Ivar Berg and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Social Science categories.
A distinguished roster of contributors considers the state of the art of the field at the turn of the 21st century and charts an ambitious agenda for the future. Following what the editors describe as an `evolutionist' approach to the study of labor markets, the chapters address issues of continuity and discontinuity in a wide range of topics including: markets and institutional structures; employment relations and work structures; patterns of stratification in the United States; and public policies, opportunity structures, and economic outcomes.
Firm Wide Versus Employment Specific Labor Market Practices
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Author : David S. Kaplan
language : en
Publisher: CreateSpace
Release Date : 2013-07-31
Firm Wide Versus Employment Specific Labor Market Practices written by David S. Kaplan and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-31 with Reference categories.
Some of the most fundamental questions in economics involve the boundaries of the firm. Although some firms are small and easy to categorize, others are diverse organizations with many establishments operating in different industries with different types of employees. We assemble a unique data set that links the labor-market information of individual establishments to their ultimate beneficial owners, in order to study the labor markets of firms with complex organizational structures.
The Economics Of Labor Markets
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Author : Bruce E. Kaufman
language : en
Publisher: South Western Educational Publishing
Release Date : 1994
The Economics Of Labor Markets written by Bruce E. Kaufman and has been published by South Western Educational Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
In-depth study of labour market theories