Journal ArticleDOI
Regulation or deregulation of the labour market: Policy regimes for the recruitment and dismissal of employees in the industrialised countries
TLDR
In this paper, the authors investigate the correlation between the hiring and firing regulations in Western Europe and Japan and their total absence in the United States and conclude that a fairly wide spread of moderate but specific policy reforms appears warranted with a view to helping improve the European employment situation.About:
This article is published in European Economic Review.The article was published on 1988-04-01. It has received 241 citations till now. The article focuses on the topics: Dismissal & Deregulation.read more
Citations
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Journal ArticleDOI
Firing Costs and Labour Demand: How Bad is Eurosclerosis?
TL;DR: In this paper, a model of firms' optimal employment policies under linear adjustment costs is proposed, and it is shown that firing costs have a larger effect on firms' propensity to fire than to hire, and (slightly) increase average long run employment.
Posted Content
Unemployment Compensation and Labor Market Transitions: A Critical Review
Journal ArticleDOI
Job security, employment and wages
TL;DR: This article found that job security provisions alone alone cannot be blamed for the high unemployment in European countries, and that medium and long run employment appears unrelated to the extent of job security legislation.
Journal ArticleDOI
Labour flexibility and wages: lessons from Spain
Samuel Bentolila,Juan J. Dolado +1 more
TL;DR: Benton and Dolado as mentioned in this paper showed that temporary jobs result in the emergence of a dual labour market, where the flexibility gained through temporary contracts hardly affects the core of permanent employees, and that wage growth actually rises when wage setting is in the hands of permanent insider workers.
Posted Content
Does the Recent Success of Some OECD Countries in Lowering their Unemployment Rates Lie in the Clever Design of their Labour Market Reforms
TL;DR: In this paper, the authors present a theoretical and empirical framework to investigate how unemployment is affected by different labour market institutions (LMI) such as labour taxes, unemployment benefits, employment protection, union bargaining power and centralisation of bargaining.
References
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Journal ArticleDOI
Theory Z: How American Business Can Meet the Japanese Challenge.
Koya Azumi,William G. Ouchi +1 more
TL;DR: This article proposed a new form of business management that focuses on long-range planning, strong corporate philosophy, and concensus decision-making to help American corporations meet the challenge of Japan.
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Hysteresis and the European Unemployment Problem
TL;DR: The authors argue that if wages are largely set by bargaining between insiders and firms, shocks which affect actual unemployment tend also to affect equilibrium unemployment, which implies that shocks have much more persistent effects on unemployment than standard theories can possibly explain.
Book
Theory Z: How American Business Can Meet the Japanese Challenge
TL;DR: The authors proposed a new form of business management that focuses on long-range planning, strong corporate philosophy, and concensus decision-making to help American corporations meet the challenge of Japan.
ReportDOI
A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination, and Keynesian Unemployment
Jeremy Bulow,Lawrence H. Summers +1 more
TL;DR: This article developed a model of dual labor markets based on employers' need to motivate workers, and applied it to a wide range of labor market phenomena, including involuntary unemployment and occupational segregation.
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Efficiency Wage Theories: A Partial Evaluation
TL;DR: A survey of recent developments in the literature on efficiency wage theories of unemployment can be found in this paper, where a wide variety of evidence on inter-industry wage differences is analyzed.