School for Advanced Studies in the Social Sciences

About: School for Advanced Studies in the Social Sciences is a facility organization based out in Villejuif, France. It is known for research contribution in the topics: Politics & Context (language use). The organization has 1230 authors who have published 2084 publications receiving 57740 citations. The organization is also known as: Ecole des Hautes Etudes en Sciences Sociales & EHESS.

The Cost of Recessions Revisited: A Reverse-Liquidationist View

Abstract: The observation that liquidations are concentrated in recessions has long been the subject of controversy. One view holds that liquidations are beneficial in that they result in increased restructuring. Another view holds that this rise in restructuring is costly since liquidations are privately inefficient and essentially wasteful. This paper proposes an alternative perspective. On the basis of a combination of theory with empirical evidence on gross job flows and on financial and labour market rents, we find that, cumulatively, recessions result in reduced rather than increased restructuring, and that this is likely to be socially costly once we consider inefficiencies on both the creation and destruction margins. Copyright 2005, Wiley-Blackwell.

New growth regimes, but still institutional diversity

Abstract: Whereas the American case may hint that product and labour market deregulation, venture capital and NASDAQ are necessary for the success of a technological led growth, the international comparison suggests the coexistence of at least three successful configurations. Deregulated economies explore a science pushed innovation, along with external labour flexibility, significant inequality in terms of competences. But social democratic countries develop a cooperative approach to the knowledge based economy: rather homogenous educational level, life long learning, negotiation by social partners of the consequence of innovation, collectively organized labour mobility. There is a third configuration for some catching-up economies that use information technology as a method for leapfrogging: labour markets remain largely institutionalised and regulated, without exerting adverse impact upon macroeconomic performance.

The High Unemployment Trap

Abstract: A model of the labor market under firing restrictions and endogenous quits is constructed It is shown that in the spirit of Blanchard and Summers, the model can generate multiple equilibria for plausible parameter values, with a low quits/high unemployment equilibrium coexisting with a high quits/low unemployment equilibrium