Macro Welfare Effects of Flexible Labor Contracts
نویسندگان
چکیده
منابع مشابه
The Labor Supply Effects of Welfare Reform
Some of the ideas in this paper were inspired by communications with David Card, Patricia Ruggles, and Bruce Meyer. I am also grateful to Daniel McMurrer for providing me with spreadsheets describing the Urban Institute's methodology for estimating the effects of welfare work requirements. Ken Kline provided excellent research assistance. The research for this paper was conducted with financial...
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The recent reform of the federal welfare system was meant to encourage recipients to leave welfare and enter the workforce. If the reform is successful there are likely to be effects felt throughout the low–skilled end of the labor market. As former welfare recipients enter the labor market, they may exert downward pressure on wages or displace employment of others already in the labor market. ...
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An objective of this work is the study of the consequences of the presence of unforeseen contingencies or other forms of higher order uncertainty in the agents’ decision process for the properties of contractual arrangements. In particular, the presence of unforeseen contingencies or private information over the states of the world are often advocated (e.g. Maskin (2002), p. 726) as one of the ...
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Labor Market Pooling, Outsourcing and Labor Contracts Economic regions, such as urban agglomerations, face external demand and price shocks that produce income risk. Workers in large and diversified agglomerations may benefit from reduced wage volatility, while firms may outsource the production of intermediate goods and realize benefits from Chamberlinian externalities. Firms may also protect ...
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The paper analyses the welfare effects of immigration when some sectors of the economy are characterized by wage bargaining between unions and employers. We show that immigration is unambiguously beneficial if the wage elasticity of labor demand in the competitive sectors is smaller than in the unionised sectors. In the opposite case, the welfare effect of immigration is ambiguous; little immig...
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2022
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.4040889