Cyclical Labor Costs within Jobs

Cyclical Movements along the Labor Supply Function

Labor Productivity: Structural Change and Cyclical Dynamics

A longstanding puzzle of empirical economics is that average labor productivity declines during recessions and increases during booms. This paper provides a framework to assess the empirical importance of competing hypotheses for explaining the observed procyclicality. For each competing hypothesis we derive the implications for cyclical productivity conditional on expectations of future demand...

Reducing Labor Costs: Choosing

Noise-guided evolution within cyclical interactions

We study a stochastic predator–prey model on a square lattice, where each of the six species has two superior and two inferior partners. The invasion probabilities between species depend on the predator–prey pair and are supplemented by Gaussian noise. Conditions are identified that warrant the largest impact of noise on the evolutionary process, and the results of Monte Carlo simulations are q...

Global and European Labor Costs

Multinational companies and national governments pay considerable attention to labor cost and labor productivity differentials across countries. This paper analyzes total and unit labor differentials for a group of European and non-European countries in the 1960-1998 period. It deals with (i) the magnitude of total labor cost differences (ii) the developments in unit labor cost and labor produc...