Institutions and Labor Reallocation

Giuseppe Bertola and Richard Rogerson

Working Papers from Banca Italia - Servizio di Studi

Abstract: Despite stringent dismissal restrictions in most European countries, rates of job creation and destruction are remarkably similar in European and Noeth American labor 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 that are both consistent with rough uniformity of job turnover statistics and readily explained by by inuitive theoretical considerations.

Keywords: LABOUR MARKET; WAGES (search for similar items in EconPapers)
JEL-codes: J21 J22 J30 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1996
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Citations: View citations in EconPapers (18)

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Related works:
Journal Article: Institutions and labor reallocation (1997)
Working Paper: Institutions and Labour Reallocation (1996)
Working Paper: Institutions and Labor Reallocation (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:banita:272

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