منابع مشابه
Endogenous Labor Market Rigidities and Family Ties
Much has been written about institutional differences between European and North American labor markets, and about their role in determining the large and persistent differences between the unemployment rates in Europe and US over the last fifteen-twenty years. The objective of this paper is to answer the question: why have these differences in labor market flexibility emerged and why do they p...
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During the 1990s, wage setting increasingly became coordinated in many Member States of the European Union (EU), often through new arrangements involving broad encompassing social pacts between employers, trade unions, and governments striking deals across policy areas from wages to social and employment policies. We argue that the different forms of institutional innovation in wage setting fou...
متن کاملLabor Market Imperfections , Real Wage Rigidities and Financial Shocks
By using the recent Gertler and Kiyotakis (2010) setup, this paper explores the interaction between real distortions stemming from the labor market institutions and nancial shocks. We nd that neither labor market imperfections nor scal institutions determining tax wedges have an impact on the volatility of the real economy induced by a nancial shock. By contrast, real wage rigidities matte...
متن کاملThe Positive Economics of Labor Market Rigidities and Investor Protection
This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Some countries especially in continental Europe exhibit a corporatist politicoeconomic equilibrium with a substantial protection of insiders on both markets. The more important money is in political decision-making, the more divided the workfor...
متن کاملLabor market rigidities and economic efficiency: Evidence from Spain
► We assess the impact of Spanish labor reforms that restricted the use of temporary workers. ► We study the gap between an input's value of marginal product and its price. ► Our results suggest a positive and significant impact of these reforms on the permanent labor gap. a b s t r a c t a r t i c l e i n f o In the 1990s, Spain approved two labor reforms aimed at reducing the unemployment lev...
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ژورنال
عنوان ژورنال: Journal of Economic Integration
سال: 2001
ISSN: 1225-651X,1976-5525
DOI: 10.11130/jei.2001.16.2.229