search query: @author Bertola, G. / total: 9
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| Author: | Bertola, G. Rogerson, R. |
| Title: | Institutions and labor reallocation |
| Journal: | European Economic Review
1997 : JUN, VOL. 41:6, p. 1147-1171 |
| Index terms: | ECONOMICS PAY JOB TURNOVER |
| Language: | eng |
| Abstract: | Dispute stringent dismissal restrictions in most European countries, rates of job creation and destruction are remarkably similar across European and North American labour markets. This paper shows that relative-wage compression is conductive to higher employer-initiated job turnover, and argues that wagesetting institutions and job-security provisions differ across countries in ways that are both consistent with rough uniformity of job turnover statistics and readily explained by intuitive theoretical considerations. |
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