scholarly journals Family Firms and Labor Market Regulation

2019 ◽  
Vol 8 (2) ◽  
pp. 348-379
Author(s):  
Morten Bennedsen ◽  
Sterling Huang ◽  
Hannes F Wagner ◽  
Stefan Zeume
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Family Firms ◽  
Labor Relations ◽  
Employment Protection ◽  
Market Regulation ◽  
Family Control ◽  
Labor Market Reforms ◽  
Lower Variation ◽  
Editorial Decision

Abstract In a panel across twenty-eight countries over 10 years, we show that family firms on average enjoy performance advantages over nonfamily firms only when labor markets are less regulated. We confirm this result in a matched firm sample using a survey-based instrument as a family control. Furthermore, family firms exhibit lower variation in employment levels in less-regulated labor markets, supporting the notion that labor relations drive family firms’ performance advantages. Our results are consistent with the notion that both family ownership and labor market reforms provide employment protection and thus partly substitute as governance mechanisms. Received December 17, 2018; editorial decision April 3, 2019 by Editor Andrew Ellul.

Dual Labor Markets Revisited

2020 ◽  
Author(s):  
Samuel Bentolila ◽  
Juan J. Dolado ◽  
Juan F. Jimeno
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Employment Protection ◽  
Theoretical Research ◽  
Market Effects ◽  
The Great Recession ◽  
Reform Strategies ◽  
Dual Labor Markets ◽  
Dead End ◽  
Protection Legislation

This article provides an overview of empirical and theoretical research on dual labor markets. It revisits the labor-market effects of dual employment protection legislation as well as the main factors behind its resilience. Characterized by a high incidence of temporary contracts, which may lead to stepping-stone or dead-end jobs, dual labor markets exhibit specific features regarding the determination of employment, unemployment, churn, training, productivity growth, wages, and labor market flows. Relying on the contrasting experiences of several OECD countries with different degrees of duality and, in particular, on the very poor employment performance of some EU countries during the Great Recession, lessons are drawn about policy-reform strategies aiming to correct the inefficiencies of dual labor markets.

Die Ursachen der transatlantischen Produktivitätswachstumsunterschiede

2006 ◽  
Vol 55 (1) ◽  
Author(s):  
Rudolf Besch ◽  
Guido Zimmermann
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Productivity Growth ◽  
Service Sector ◽  
Market Reforms ◽  
Lower Productivity ◽  
Long Run ◽  
Labor Market Reforms ◽  
Increase Productivity ◽  
The U.S

AbstractThis paper gives a survey on the causes of the divergence in productivity growth rates between the U.S. and Europe in the last 15 years. It is shown that Europe’s lag in productivity growth can be traced to relative lower productivity growth in the service sector. This is due to over-regulated goods, capital, land, and labor markets. Although there is a consensus that in the long run no relationship exists between productivity growth and labor market performance, in terms of policy, well-specified labor market reforms are recommended to increase productivity growth in Europe. For labor market reforms are a necessary complement for productivity-enhancing product market reforms.

The Labor Market Regulation

2017 ◽  
pp. 48-60
Author(s):  
Samir Amine
Keyword(s):  
Labor Market ◽  
Critical Review ◽  
Empirical Studies ◽  
The State ◽  
Employment Protection ◽  
Market Regulation ◽  
Critical Reading ◽  
Labor Market Regulation

This article aims to provide an analytical and critical reading of the state of knowledge on legislation relating to employment protection (EPL) and its impacts on unemployment, jobs creation, productivity and more generally efficiency of the labor market. We show that the construction of indicators of EPL adopted by the OECD is incomplete and does not take into account local specificities of each labor market. We also show that the dominant idea among liberals that any regulations impeding freedom of the labor market generates unemployment and loss of effectiveness is not so obvious to verify empirically and can even be contradicted. In this analysis, we rely on a critical review of theoretical and empirical studies which have examined the effects of EPL. We also discuss some alternatives such as bonus-malus system or the single contract that have been put forward to address the limitations of a relatively strict EPL.

MODERN ASPECTS OF LABOR MARKET REGULATION: THEORETICAL AND METHODOLOGICAL CONTEXT

2019 ◽  
Vol 4 (3) ◽  
pp. 350-358
Author(s):  
Alexander SHVETS
Keyword(s):  
Labor Market ◽  
Labor Relations ◽  
Self Regulation ◽  
Well Being ◽  
State Intervention ◽  
State Regulation ◽  
Market Mechanism ◽  
Regulation System ◽  
Market Regulation ◽  
Labor Market Regulation

Introduction. The current trends in the development of socio-economic systems in a globalization dimension lead to an update of the labor market regulation system. In today's conditions in Ukraine, the expectations of the population to improve well-being and quality of life are linked to the exercise of the right to decent work. Reforming labor market regulation processes should ensure both the current internal needs of Ukrainian society and the realization of its European integration priorities. The purpose of the research is to develop modern principles of methodological basis of labor market regulation. Results. Current conditions of Ukrainian economy as a social and economic system have been defined as a crisis. The content of labor market regulation is considered. It is determined that the mechanism of the labor market regulation is a set of normative, legislative or collective agreements, which are guided by partners in the implementation of employment policy. The mechanism of labor market regulation covers the list of economic, social, psychological factors that determine the functioning of the labor market. The mechanism of labor market regulation in the conditions of socio-economic crisis should cover the purpose, agents, objects, subject of investigation, functional support of the goal realization, principles, methods (means), instruments of influence. The purpose of regulating the labor market is related to its state regulation. It is established that objects of state regulation of the labor market are the processes and conditions of functioning and reproduction of the labor force, employment of the population and its individual groups, to which the organizational, coordination and stimulating activity of the relevant subjects of state power structures, the system of labor organization (conditions, regulation, payment, etc.). The objective is clearly defined proportions of government regulation, self-regulation and contractual regulation, substantiation of the limit level of state intervention in issues of employment and social protection of the unemployed. The subjects are represented by the authorities, individuals and legal entities, trade unions, associations and all other participants in labor relations. The object of the mechanism is the social-labor relations between the employee and the employer, as well as the processes and conditions of the labor market. Between subjects and objects should be social dialogue. The subject is seen as problems and contradictions of functioning of the labor market at all levels. Groups of regulatory methods include administrative, informational, economic and organizational-managerial. The functions of the mechanism are represented by planning, motivation, organization and control. The list of general, special principles and principles of the systematic approach of the state regulatory policy in the labor market is given. Keywords: labor market, economic activity of the population, employment of the population, employment level, regulation of the labor market, mechanism of regulation, labor resources.

scholarly journals Strained Compromises? Danish Flexicurity During Crisis

2011 ◽  
Vol 1 (1) ◽  
pp. 45 ◽  
Author(s):  
Christian Lyhne Ibsen
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Industrial Relations ◽  
Economic Conditions ◽  
Market Regulation ◽  
Labor Costs ◽  
Economic Cycle ◽  
Golden Triangle ◽  
Labor Market Flexibility ◽  
High Employment

The Danish concept of flexicurity in a `Golden Triangle´ of low job protection, high income security and high employment security is not only about a balance between labor market flexibility and social security. Arguably, it is also a series of more or less stable underlying compromises between social partners about the main mechanisms and aims of labor market regulation which - supposedly - should be focused on employment rather than jobs, and competition on quality rather than on labor costs. However, the `Golden Triangle´ - this article argues - seems in need of complementary concepts. The article therefore introduces, `centralized decentralization´ - a concept that directs our attention to forms of flexibility and security primarily for people in work. Most studies on Danish flexicurity have been carried out under favorable economic conditions. In light of the economic slump hitting Denmark in 2008, this article investigates if and how the recession challenged these compromises by comparing two rounds of case-based interviews in three metalworking companies in 2007 and 2009. It is shown that practice has indeed changed - albeit modestly - due to worsened economic circumstances. For example the case studies show that the hypothesized preference for external numerical flexibility is perhaps too crude as employers use different ways to restructure employment. Especially the examples of de facto concessionary bargaining to save jobs are important here - although the extent of concessions is modest. The evidence thus suggests that the `Golden Triangle´ flexicurity compromises are indeed strained by the economic cycle and that responses to impetus for restructuring are far more nuanced than sometimes portrayed. It is argues that more company studies across national labor markets and industrial relations institutions will enhance our understanding of the dynamics during times of restructuring.

scholarly journals Informal employment in Ukraine and formation of institutional conditions of its minimization

2020 ◽  
Vol 2020 (4) ◽  
pp. 34-55
Author(s):  
Yaryna Yuryk ◽  
◽  
Keyword(s):  
Labor Market ◽  
Labor Relations ◽  
Working Hours ◽  
Legal Regulation ◽  
Informal Employment ◽  
Market Regulation ◽  
Institutional Conditions ◽  
Informal Labor ◽  
Hired Labor ◽  
The Individual

The article presents the results of the study on the structure and scale of spread of informal employment in Ukrainian labor market. Based on the analysis of the received estimates, the author makes a social and economic profile of the average worker involved in informal labor relations. The peculiarity of the study is that all estimates are considered separately for hired labor and self-employment, which allows to identify the internal heterogeneity of the structure of informal employment in Ukraine. According to the results of the econometric modeling, the main socio-economic, demographic, settlement, professional and sectoral factors that determine the involvement of the individual in informal employment in Ukraine are identified. Described the basics of legal regulation of labor relations as a formal institution influencing the dynamics of informal employment. Established the relationship between the level of flexibility in the regulation of the labor market in the country and the extent of informal employment among its population. It has been shown that in economies with flexible regulation, as a rule, informal employment is lower. Based on assessments and analysis of the flexibility of labor market regulation in Ukraine by such components as hiring, working hours and staff reductions (rules and costs), bottlenecks in the national legislation have been identified that can cause increased informal employment, which in turn helped determine the main institutional conditions for its minimization.

How German Labor Courts Decide: An Econometric Case Study

2012 ◽  
Vol 13 (1) ◽  
pp. 56-70 ◽  
Author(s):  
Helge Berger ◽  
Michael Neugart
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Employment Protection ◽  
Court Decisions ◽  
Local Labor Market ◽  
Labor Market Conditions ◽  
Ex Ante ◽  
Employee Characteristics ◽  
Unique Dataset

Abstract Courts are an important element in the institutional framework of labor markets, often determining the degree of employment protection. German labor courts provide a vivid example in this regard. However, we know relatively little about court behavior. A unique dataset on German labor court verdicts reveals that social and other criteria like employee characteristics, the type of job, local labor market conditions and court composition influence court decisions. At least as striking is that workers’ chances to win depend on where and when their cases are filed. This generates considerable ex ante uncertainty about outcomes.

scholarly journals Związki zawodowe a rynek pracy w Unii Europejskiej

2018 ◽  
pp. 149-162
Author(s):  
Bogusław JAGUSIAK
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Trade Unions ◽  
Labor Relations ◽  
State Intervention ◽  
European Level ◽  
Protective Function ◽  
Common Problems ◽  
Labor Market Programs ◽  
The Eu

The aim of this study is to present the opportunities for trade unions to influence the labor market in the EU. The economic crisis in the EU has affected its labor markets to varying degrees. In the analysis of selected examples it can be clearly seen that the countries that have survived the crisis in the labor market better are those where the labor market is flexible, i.e. where, although people can easily lose one job, they are relatively likely to find another. EU states undertake to make labor relations more flexible, to further diversify employment forms, or to move salary negotiations to lower levels, thus eliminating state intervention in labor markets. Local EU labor markets have become a part of a supranational system of free flow of workers. European integration has generated common problems in the labor market, where trade unions need to undertake joint efforts to increase the flexibility, mobility and efficiency of the labor force, to improve labor market programs and provide for more efficient collaboration of social partners. This also follows from the protective function trade unions are supposed to play in the unified European market, and from an attempt to solve the issue of whether the expansion of trade union activity to the European level is effective in looking for compromise on the labor market.

scholarly journals Properties of the Labor Market Regulation System

2019 ◽  
pp. 18-26
Author(s):  
Valeriia Kovach
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Regulation System ◽  
Market Regulation ◽  
Interpersonal Processes ◽  
Market System ◽  
Managerial Decision ◽  
Regional Labor Market ◽  
Regional Labor ◽  
Market Management

It is noted that basic processes that characterize system of labor markets are based on the principles of social development. They make possible economic and industrial activity of individuals. Features of managerial decision-making processes are considered. It is determined that the labor market system is a multilevel set of subsystems: the whole labor market of the state, the regional labor market, and the labor markets of organizations. It is proposed to present the labor market system in the form of three main elements determined by the following parameters: entry into the labor market system; process of interaction of the microsphere of the labor market with external environment takes place within the framework of regional labor market; exit from the labor market is represented by the whole labor market. It is noted that system approach allows representing of the labor market system as a structural and hierarchical formation with its structure and functions. Priority of motivational processes is determined. These processes are present both in interpersonal processes and in managerial ones. The scheme of interaction and interdependence of processes in the labor market system is developed. It is noted that each subsystem in the labor market has its own functional purpose. It is determined that the most important characteristic of the labor market as a whole system is its structure. The structure is a set of elements and connections that determine internal structure and organization of the labor market as a whole system. It is noted that the labor market has a peculiar property of infinity. The concept of “element of the labor market” is defined. It is concluded that the labor market management system includes: management goals, management methods, organizational security, information and legal support.

Sign in / Sign up

Export Citation Format

Share Document