2020年4月29日
Labour Market Institutions and Amplification of Employment Fluctuations
Central European Economic Journal
- 巻
- 6
- 号
- 53
- 開始ページ
- 164
- 終了ページ
- 173
- 記述言語
- 掲載種別
- 研究論文(学術雑誌)
- DOI
- 10.2478/ceej-2019-0010
- 出版者・発行元
- Walter de Gruyter GmbH
<title>Abstract</title>Labour market reforms have been undertaken to eliminate labour market rigidities in European countries since 1970s. The important features of the reforms are the reduction in adjustment costs and the introduction of fixed-term contracts (FTC). Some empirical studies point out that employment fluctuations have become more volatile after the reforms. This paper presents a model with FTC and analyzes the effects of the key features of the reforms. Numerical examples show that an expected productivity shock causes the oscillatory behaviour of employment. Moreover, a reduction in adjustment costs amplifies fluctuations. In the labour market literature, a number of studies point out the importance of trade unions in European countries. This paper also analyzes the effects of union influence, and the numerical examples indicate that the stronger union influence leads to larger employment fluctuations.
- リンク情報
- ID情報
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- DOI : 10.2478/ceej-2019-0010
- eISSN : 2543-6821