Job security, stability, and production efficiency
نویسندگان
چکیده
منابع مشابه
Job security, stability, and production efficiency
We study a 2-sided matching market with a set of heterogeneous firms and workers in an environment where jobs are secured by regulation. Without job security Kelso and Crawford have shown that stable outcomes and efficiency prevail when all workers are (weak) gross substitutes to each firm, in the sense that increases in other workers’ salaries can never cause a firm to withdraw an offer from a...
متن کاملJob Security, Stability and Production Efficiency∗ PRELIMINARY DRAFT
We study a 2-sided labor market with a set of heterogeneous firms and workers in an environment where jobs are secured by regulation. Without job security Kelso and Crawford have shown that stable outcomes and efficiency prevail when all workers are (weak) gross substitutes to each firm, in the sense that increases in other workers’ salaries can never cause a firm to withdraw an offer from a wo...
متن کاملJob Stability and Job Security: A Comparative Perspective on Switzerland’s Experience in the 1990s
▪ In most European countries, there is some evidence that jobs became, and to an even greater extent were perceived to have become, increasingly insecure in the 1990s. In Switzerland, where unemployment has long been far lower than the European average, unemployment increased in the same period. Yet in general, job stability has remained remarkably constant in the past decade, and instability f...
متن کاملJob Security as an Endogenous Job Characteristic*)
This paper develops a hedonic model of job security (JS). Workers with heterogeneous JS-preferences pay the hedonic price for JS to employers, who incur labor-hoarding costs from supplying JS. In contrast to the Wage-Bill Argument, equilibrium unemployment is strictly positive, as workers with weak JS-preferences trade JS for higher wages. The relation between optimal job insecurity and the per...
متن کاملChanges in Job Stability and Job Security: A Collective Effort to Untangle, Reconcile, and Interpret the Evidence
A t a symposium at the Federal Reserve Bank of New York in the fall of 1996, various researchers presented their findings on changes in long-term employment relationships in U.S. labor markets. The researchers focused on two dimensions of these relationships: " job stability , " meaning the duration of jobs or the probability of retaining or leaving a job; and " job security, " referring to the...
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ژورنال
عنوان ژورنال: Theoretical Economics
سال: 2017
ISSN: 1933-6837
DOI: 10.3982/te2016