G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1500
DP1500 International Migration, Welfare and the Provision of Public Goods
Konstantine Gatsios; Panos Hatzipanayotou; Mike Michael
发表日期1996-11-30
出版年1996
语种英语
摘要Despite stringent dismissal restrictions in most European countries, rates of job creation and destruction are remarkably similar across European and North American labour markets. This paper shows that relative-wage compression is conducive to higher employer-initiated job turnover, and argues that wage-setting institutions and job security provisions differ across countries in ways that are both consistent with rough uniformity of job turnover statistics and readily explained by intuitive theoretical considerations. When viewed as a component of the mix of institutional differences in Europe and North America, European dismissal restrictions are essential to a proper interpretation of both similar patterns in job turnover, and marked differences in unemployment flows.
主题International Macroeconomics
关键词Firing costs Gross job turnover Wage compression
URLhttps://cepr.org/publications/dp1500
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/530645
推荐引用方式
GB/T 7714
Konstantine Gatsios,Panos Hatzipanayotou,Mike Michael. DP1500 International Migration, Welfare and the Provision of Public Goods. 1996.
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