منابع مشابه
Labor market flexibility and investment in human capital ∗
We consider the effect of labor market rigidities on human capital accumulation and economic growth when some human capital is difficult to observe prior to employment. We distinguish between two types of human capital, those that formal schooling and test scores can measure (“knowledge”) and those that can be observed by employers only after a period of employment (“creativity”). We build a si...
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This paper analyzes some of the implications of North American labor market integration for fiscal policy. The economies of Canada and the US are both characterized by highly integrated internal markets for goods and services as well as for labor and capital, and subnational governments in both economies play an important role in the financing and provision of public goods and services, includi...
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The high U.S. unemployment rate after the Great Recession is usually considered as a result of changes in factors influencing either the demand side or the supply side of the labor market. However, no matter what factors have caused the changes in the unemployment rate, these factors should have influenced workers’ and firms’ decisions. Therefore, it is important to take into account workers’ e...
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We empirically investigate the effect of uncertainty on corporate hiring. Using novel data from the labor market for MBA graduates, we show that uncertainty regarding how well job candidates fit with a firm’s industry hinders hiring, and that firms value probationary work arrangements that provide the option to learn more about potential full-time employees. The detrimental effect of uncertaint...
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This paper incorporates labor search frictions into a model with lumpy investment to explain a set of rm-size-related facts about the United States labor market dynamics over business cycles. Contrary to the predictions of standard models, we observe that job destruction is procyclical in small rms but countercyclical in large ones. Calibrated to U.S. data, the model generates this asymmetric...
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ژورنال
عنوان ژورنال: The Journal of Human Resources
سال: 1977
ISSN: 0022-166X
DOI: 10.2307/145376