scholarly journals Does Wage Persistence Matter for Employment Fluctuations? Evidence from Displaced Workers

2010 ◽  
Vol 2 (3) ◽  
pp. 1-21 ◽  
Author(s):  
Johannes F Schmieder ◽  
Till von Wachter
Keyword(s):  
Labor Market ◽  
Displaced Workers ◽  
Wage Setting ◽  
Market Conditions ◽  
Employment Contracts ◽  
Labor Market Conditions ◽  
Setting Process ◽  
Employment Fluctuations ◽  
Tight Labor Market

Previous literature has found that tight labor market conditions during a job raise wages. Using the Displaced Worker Survey from 1984 to 2006, we show that wage gains associated with good labor market conditions disappear at job loss. We also find that workers with higher wages due to tight past labor market conditions face higher risk of layoff. These findings suggest an important role of persistent rigidities in the wage setting process that are related to layoff decisions. This supports the notion that downward rigid employment contracts help explain the Shimer (2005) “puzzle” of low wage relative to employment fluctuations. (JEL J31, J41, J63)

Labor Market Conditions and the Reemployment of Displaced Workers

ILR Review ◽  
1988 ◽  
Vol 42 (1) ◽  
pp. 109 ◽  
Author(s):  
Marie Howland ◽  
George E. Peterson
Keyword(s):  
Labor Market ◽  
Displaced Workers ◽  
Market Conditions ◽  
Labor Market Conditions

Duration Dependence and Labor Market Conditions: Evidence from a Field Experiment*

2013 ◽  
Vol 128 (3) ◽  
pp. 1123-1167 ◽  
Author(s):  
Kory Kroft ◽  
Fabian Lange ◽  
Matthew J. Notowidigdo
Keyword(s):  
Labor Market ◽  
Broad Class ◽  
Duration Dependence ◽  
Local Labor Market ◽  
Market Conditions ◽  
Labor Market Conditions ◽  
Unemployment Spell ◽  
Job Postings ◽  
Spell Length

Abstract This article studies the role of employer behavior in generating “negative duration dependence”—the adverse effect of a longer unemployment spell—by sending fictitious résumés to real job postings in 100 U.S. cities. Our results indicate that the likelihood of receiving a callback for an interview significantly decreases with the length of a worker’s unemployment spell, with the majority of this decline occurring during the first eight months. We explore how this effect varies with local labor market conditions and find that duration dependence is stronger when the local labor market is tighter. This result is consistent with the prediction of a broad class of screening models in which employers use the unemployment spell length as a signal of unobserved productivity and recognize that this signal is less informative in weak labor markets.

scholarly journals Ireland

2019 ◽  
Vol 19 (164) ◽  
pp. 1
Author(s):  
Keyword(s):  
Labor Market ◽  
Multinational Enterprises ◽  
Tax Planning ◽  
Domestic Demand ◽  
Corporate Tax ◽  
Market Conditions ◽  
Labor Market Conditions ◽  
Net Exports ◽  
Full Capacity ◽  
Tight Labor Market

The Irish economy continues to expand strongly, benefitting from higher net exports by multinational enterprises and robust domestic demand. Accelerating wage growth reflects tight labor market conditions and inflation has started to pick up. Crisis legacies have diminished but some vulnerabilities persist. The outlook remains broadly positive, provided Brexit proceeds in an orderly manner. However, the economy operates near full capacity and an accelerating cyclical momentum could re-ignite a boom-bust dynamic. A no-deal Brexit represents the key downside risk, while escalation in global protectionism and sudden changes in corporate tax planning of multinational enterprises in Ireland could adversely affect the economy and public finances.

Drivers of Collective Human Capital Flow: The Impact of Reputation and Labor Market Conditions

2017 ◽  
Vol 45 (3) ◽  
pp. 1145-1172 ◽  
Author(s):  
Erin E. Makarius ◽  
Charles E. Stevens
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Organizational Outcomes ◽  
Capital Flow ◽  
Market Conditions ◽  
Labor Market Conditions ◽  
The Impact ◽  
Shed Light ◽  
Do So

An emerging body of research examines collective human capital flow via context-emergent turnover (CET) theory, which builds on resource-based theory and the literature on human capital. CET theory indicates that collective human capital flow—or employee movement into and out of organizations—is of growing significance to scholars and practitioners given the effects that it has on important organizational outcomes. Yet, a better understanding of what drives systematic variance in collective outflows and inflows is needed so that employers can strategize and plan ways to manage human capital flow. We use CET theory to highlight the role of a firm’s reputation as an antecedent to human capital flow. Moreover, because CET theory emphasizes the significance of context, we consider how labor market conditions change the nature of these relationships. We predict and find that a positive reputation helps employers reduce several types of collective human capital flow, yet more reputable employers are better able to do so in slack, rather than tight, labor markets. These results shed light on the importance of context on collective human capital flow and indicate the potential of CET theory to understand not only the consequences but also the drivers of collective movement in and out of organizations.

Business management in the light of cultural diversity in the labor market

2020 ◽  
pp. 28-44
Author(s):  
René Pawera ◽  
Monika Lavrovičová ◽  
Lucia Húsenicová
Keyword(s):  
Labor Market ◽  
Cultural Diversity ◽  
Key Words ◽  
Slovak Republic ◽  
Business Management ◽  
Diversity Management ◽  
Equal Opportunities ◽  
Market Conditions ◽  
Labor Market Conditions ◽  
Labor Market Inequality

An important element of the management of modern companies and organizations is the proper use of diversity management and equal opportunities, aimed at eliminating discrimination in the labor market. The paper summarizes the starting points for these processes in the labor market. It describes the tendencies of the development of the solved problem in the context of the labor market conditions of the Slovak Republic. Key words: labor market inequality, equal opportunities management, diversity management

scholarly journals Assessing the Change in Labor Market Conditions

2014 ◽  
Author(s):  
Hess T. Chung ◽  
Bruce Fallick ◽  
Christopher J. Nekarda ◽  
David Ratner
Keyword(s):  
Labor Market ◽  
Market Conditions ◽  
Labor Market Conditions
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