| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11336 |
| DP11336 Insurance Between Firms: The Role of Internal Labor Markets | |
| Chiara Fumagalli; francis kramarz; Giovanni Pica | |
| 发表日期 | 2016-06-17 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We investigate how internal labor markets (ILMs) allow business groups to accommodate positive and negative shocks calling for labor adjustments. Group-affiliated units faced with positive shocks rely on the ILM for new hires, especially managers and other high-skilled workers, thus overcoming human capital bottlenecks that may curb growth. Adverse shocks affecting one unit in the organization increase workers' mobility to other units rather than external firms, with stricter employment protection causing an additional increase in internal mobility. ILMs emerge as a co-insurance mechanism, allowing organizations to bypass firing and hiring frictions and providing job stability to employees as a by-product. |
| 主题 | Industrial Organization ; Labour Economics |
| 关键词 | Internal labor markets Business groups Co-insurance |
| URL | https://cepr.org/publications/dp11336 |
| 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/540152 |
| 推荐引用方式 GB/T 7714 | Chiara Fumagalli,francis kramarz,Giovanni Pica. DP11336 Insurance Between Firms: The Role of Internal Labor Markets. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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