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Lafontaine, Francine, and
Jagadeesh Sivadasan. 2009. "Do Labor Market Rigidities Have Microeconomic Effects? Evidence from within the Firm."
,
1(2): 88-127.
Show Article Details
DOI: 10.1257/app.1.2.88
Abstract:We exploit a unique outlet-level dataset from a multinational chain
with over 2,500 outlets in 43 countries to investigate the effects of
labor regulations that protect employment. The dataset contains
information on output, materials, and labor costs at a weekly frequency
over several years, allowing us to examine the consequences
of labor market rigidity at a much more detailed level than has been
possible to date. We find that higher labor market rigidity is associated
with significantly higher levels of hysteresis. We also find some
evidence that labor costs are less responsive to sales revenue in more
highly regulated markets. (JEL: E24, J08, J23, K31, M51)
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Authors:
Lafontaine, Francine (U MI)
Sivadasan, Jagadeesh (U MI)
JEL Classifications:
E24: Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
J08: Labor Economics Policies
J23: Labor Demand
K31: Labor Law
M51: Personnel Economics: Firm Employment Decisions; Promotions
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