Labour-marketInstitutionsand MacroeconomicShocks
By: FuChen, Yu
.
Contributor(s): Snower, Dennis | Zoega, Gylfi.
Material type: 
BookSubject(s): Labour Market | MacroeconomicShocks | European Unemployment Problem | OECD
In:
: Fondazione Giacomo Brodoliniand Blackwell Publishing : 147-270Summary: Macroeconomicshocksandlabour-marketinstitutionsjointlydetermineemploymentgrowthandeconomicperformance.Theeffectofshocks
dependscnthenatureoftheseinstitutionsandtheelTec tofinstitutionalchange
dependsonthemacroeconomicenvironment.I tfollowsthatagivensetofinstitutionsmaybeappropriatei noneepochandnotinanother.Wederiveadynamic
modeloflabourdemandinwhichtheetTec toffiringcostsonlabourdemand
dependsonthemacroeconomicenvironment:whentheleve lofmacroeconomic
activityisexpectedtodropand/orthetrendrateofproductivitygrowthi ssmall.
arisei nfiringcostsaffectsmainly(andadversely)thehiringdecisionandnotthe
layof fdecision.Thismakesfiringcostsharmfultoemploymentwheni tmayappear
mostappropriate.Incontrast,firingcostscanraiseemploymentduringperiodsof highgrowthandpositiveshocks.Ourhypothesisissupportedbyempiricalresults
usingOE("Ddata.
| Item type | Current location | Collection | Call number | URL | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|---|
| Monograph chapters | Library Electronic | Labour | ftp://ftp.ips.lk/ebooks/Ebooks2015/Labour/LabInsMacShocks.pdf | Available | CD 1747 |
Macroeconomicshocksandlabour-marketinstitutionsjointlydetermineemploymentgrowthandeconomicperformance.Theeffectofshocks
dependscnthenatureoftheseinstitutionsandtheelTec tofinstitutionalchange
dependsonthemacroeconomicenvironment.I tfollowsthatagivensetofinstitutionsmaybeappropriatei noneepochandnotinanother.Wederiveadynamic
modeloflabourdemandinwhichtheetTec toffiringcostsonlabourdemand
dependsonthemacroeconomicenvironment:whentheleve lofmacroeconomic
activityisexpectedtodropand/orthetrendrateofproductivitygrowthi ssmall.
arisei nfiringcostsaffectsmainly(andadversely)thehiringdecisionandnotthe
layof fdecision.Thismakesfiringcostsharmfultoemploymentwheni tmayappear
mostappropriate.Incontrast,firingcostscanraiseemploymentduringperiodsof highgrowthandpositiveshocks.Ourhypothesisissupportedbyempiricalresults
usingOE("Ddata.
There are no comments for this item.