Search results for "LAB"
showing 10 items of 7932 documents
Establishment size and task-specific wages: Evidence from historical contract data
2014
This study examines whether task-specific jobs are rewarded differently across establishments of different sizes and whether these rewards vary across distinct technologies. We found that the aggregate premium estimates on the impact of size on wages conceal significant differences between tasks and technologies and that these differences reflect unobserved individual heterogeneity. The role of self-selection of more productive workers into larger establishments is particularly substantial in the case of abstract tasks. peerReviewed
Structural Change in Finnish Manufacturing: The Theory of the Aggregation of Production Functions and an Empirical Analysis with a Plant-Level Panel
2011
Abstract In this paper, structural change in the Finnish manufacturing industries is studied using the theory of the aggregation of production functions and longitudinal plant-level data for the period from 1980 to 2005. To characterise the nature of structural change in 12 industries, we examine the invariance of aggregate production functions over time. Aggregate production functions need not be estimated because, according to the theory of the aggregation of production functions, the invariance can be analysed by investigating the stability of capacity density functions, which describe the distribution of value added in these industries. Even though the shapes of aggregate production fun…
Employment protection : its effects on different skill groups and on the incentive to become skilled
2005
Summary Employment protection affects labour market outcomes and hence the incentive to acquire skills. Using a matching model with two education levels in which workers decide ex-ante on their skill formation, it is shown that employment protection can raise the fraction of skilled workers. This will be the case if workers obtain a sufficiently large fraction of the rent created by skill formation. Furthermore, it will be shown that high-skilled workers face shorter unemployment duration and lower dismissal probabilities.
MATCHING VOCATIONAL TRAINING AND LABOUR MARKET DEMANDS – THE OPINION OF PUBLIC ADMINISTRATIONS
2013
Matching vocational education and training (VET) competencies with actual labour market demands is an increasing challenge for European VET systems. This requires innovation in national VET systems and sets new tasks for public administrations that are responsible for the implementation of the VET systems. The aim of the research is to study the opinion of relevant stakeholders regarding innovation in VET provision. Textual analysis and expert survey among various stakeholders have been carried out. Conclusion has been drawn that experts and social partners express increasing awareness regarding the need of VET innovation. This requires continued research, especially on the interests and mo…
A model for designing callable bonds and its solution using tabu search
1997
Abstract We formulate the problem of designing callable bonds as a non-linear, global, optimization problem. The data of the model are obtained from simulations of holding-period returns of a given bond design, which are used to compute a certainty equivalent return, viz., some target assets. The design specifications of the callable bond are then adjusted so that the certainty equivalent return is maximized. The resulting problem is multi-modal, and a tabu search procedure, implemented on a distributed network of workstations, is used to optimize the bond design. The model is compared with the classical portfolio immunization model, and the tabu search solution technique is compared with s…
Designing multi-attribute auctions for engineering services procurement in new product development in the automotive context
2010
Abstract In recent years, use of multi-attribute auctions has been consolidating as a powerful mechanism in procurement settings where multiple drivers affect the transaction outcome. This paper provides a project management approach for multi-attribute auction design for standardized engineering services procurement in the context of new product development in automotive industry. Two variables are taken into account in the bidding process: price and duration of the given engineering activity. From a theoretical viewpoint, we fully determine optimal suppliers’ bidding strategies and expected outcomes, i.e. score/utility, price and duration, for the buyer under both first score sealed bid a…
AN EXPERIMENTAL TEST ON RETIREMENT DECISIONS
2007
I. INTRODUCTION The reform of social security systems is now one of the main issues on the economic policy agenda of most industrialized countries. It is widely considered that, unless serious changes take place, the aging of the population implying a rise in the number of retirees relative to that of workers will threaten the viability, of pay-as-you-go public pension systems in the long run. This threat is being reinforced by the progressive reduction in the retirement age of the working population. The central reforms that are being proposed to neutralize these future financing problems are the raising of the contribution rate, the decreasing of pension benefits, or/and the delay of the …
Labor and product market reforms and external Imbalances: Evidence from advanced economies
2021
We explore the impact of major labor and product market reforms on current account dynamics using a new “narrative” database of major changes in employment protection for regular workers and product market regulation for non-manufacturing industries covering 26 advanced economies over the past four decades. Our main finding is that product market deregulation is associated with a weakening of the current account, while labor market deregulation is associated with an improvement. These effects are transitory and driven by both saving and investment responses. Labor and product market reforms both have a more positive impact on the current account balance when implemented under weak macroecon…
Le recrutement des jeunes docteurs dans le secteur privé
2007
This paper explores the relationship between the characteristics of the doctoral training and the recruitment of young PhDs in the private sector in France. We used information from a national representative survey of 1246 PhDs graduated in 2001 and interviewed in 2004. We focus on the recruitment and PhD returns among research-based jobs and non-research jobs in the private sector. Our econometrics results show that access and wages in the R&D jobs strongly depends on previous labour experience during the PhD (participation in a research contract, private funding for the PhD). In addition, we find that PhD students who expressed a preference for academia pay a wage penalty when they access…
Heterogeneity of job seekers in labour market matching
2009
This study examines the matching of heterogeneous job seekers and vacant jobs. Job seekers are divided into four employability groups according to their labour market status. The dataset consists of highly disaggregated monthly data from 146 Local Labour Offices in Finland over 14 years. The results indicate that the employability of job seekers differs. Therefore, the composition of the pool of job seekers in a local labour market affects the ability of that market to form successful matches. The long-term unemployed have a negative effect on matches while job seekers out of the labour force notably improve the production of matches.