| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1478 |
| DP1478 Decentralized Trade, Entrepreneurial Investment and the Theory of Unemployment | |
| Melvyn G Coles | |
| 发表日期 | 1996-09-30 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | The paper explores the influence of job security provisions on employment and unemployment. We show that this influence depends on the persistence of the macroeconomic fluctuations to which the labour market is exposed, and on employees? bargaining power in wage negotiations. Specifically, costs of firing and hiring reduce employment and stimulate unemployment when the macroeconomic fluctuations are sufficiently prolonged and employees have sufficient bargaining power; but firing and hiring costs can have the opposite effect if the fluctuations are transient and employees are weak. In this way, the paper offers an explanation for Europe?s favourable unemployment performance vis-à-vis the United States in the 1950s and 1960s (when macroeconomic fluctuations were transient and union strength was moderate), and Europe?s relatively unfavourable unemployment performance since the mid-1970s (when fluctuations were prolonged and unions were stronger). |
| 关键词 | Employment Firing and hiring costs Job security Macroeconomic fluctuations Unemployment Wage determination |
| URL | https://cepr.org/publications/dp1478 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530616 |
| 推荐引用方式 GB/T 7714 | Melvyn G Coles. DP1478 Decentralized Trade, Entrepreneurial Investment and the Theory of Unemployment. 1996. |
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