The Reallocation of Labour: An International Comparison Using Job Tenure
This paper sets out the issues surrounding the optimal amount of job reallocation. The key factors are the trainability of the workforce, the volatility of demand and the cost of contract termination. The paper uses an international dataset to characterise the nature of labour reallocation and to isolate the effect of country-specific factors. We investigate the extent to which these country differences can be explained by the trainability of the workforce and employment protection legislation. We find that both of these have a significant role to play in affecting the reallocation of labour. In addition, we show that the impact of the country-specific factors varies dramatically by age and industry: much larger differences are found among older workers than younger ones, and in retail trade than in manufacturing.
|Date of creation:||Mar 1999|
|Date of revision:|
|Contact details of provider:|| Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Burgess, Simon & Lane, Julia & Stevens, David, 1997.
"Jobs, Workers and Changes in Earnings Dispersion,"
CEPR Discussion Papers
1714, C.E.P.R. Discussion Papers.
- Simon Burgess & Julia Lane & David Stevens, 2001. "Jobs, Workers and Changes in Earnings Dispersion," CEP Discussion Papers dp0491, Centre for Economic Performance, LSE.
- Simon Burgess & Julia Lane & David Stevens, 2001. "Jobs, workers and changes in earnings dispersion," LSE Research Online Documents on Economics 20129, London School of Economics and Political Science, LSE Library.
- Bertola, Giuseppe, 1990. "Job security, employment and wages," European Economic Review, Elsevier, vol. 34(4), pages 851-879, June.
- Emerson, Michael, 1988. "Regulation or deregulation of the labour market : Policy regimes for the recruitment and dismissal of employees in the industrialised countries," European Economic Review, Elsevier, vol. 32(4), pages 775-817, April.
- Henry S. Farber, 1995. "Are Lifetime Jobs Disappearing? Job Duration in the United States: 1973-1993," NBER Working Papers 5014, National Bureau of Economic Research, Inc.
- Hall, Robert E., 1979.
"A theory of the natural unemployment rate and the duration of employment,"
Journal of Monetary Economics,
Elsevier, vol. 5(2), pages 153-169, April.
- Robert E. Hall, 1978. "A Theory of the Natural Unemployment Rate and the Duration of Employment," NBER Working Papers 0251, National Bureau of Economic Research, Inc.
- Gregg, Paul & Wadsworth, Jonathan, 1995. "A Short History of Labour Turnover, Job Tenure, and Job Security, 1975-93," Oxford Review of Economic Policy, Oxford University Press, vol. 11(1), pages 73-90, Spring.
- Edward P. Lazear, 1990. "Job Security Provisions and Employment," The Quarterly Journal of Economics, Oxford University Press, vol. 105(3), pages 699-726.
- Hall, Robert E, 1982.
"The Importance of Lifetime Jobs in the U.S. Economy,"
American Economic Review,
American Economic Association, vol. 72(4), pages 716-24, September.
- Robert E. Hall, 1980. "The Importance of Lifetime Jobs in the U.S. Economy," NBER Working Papers 0560, National Bureau of Economic Research, Inc.
- Bentolila, Samuel & Saint-Paul, Gilles, 1992. "The macroeconomic impact of flexible labor contracts, with an application to Spain," European Economic Review, Elsevier, vol. 36(5), pages 1013-1047, June.
- Parsons, Donald O., 1987. "The employment relationship: Job attachment, work effort, and the nature of contracts," Handbook of Labor Economics, in: O. Ashenfelter & R. Layard (ed.), Handbook of Labor Economics, edition 1, volume 2, chapter 14, pages 789-848 Elsevier.
- Francis X. Diebold & David Neumark & Daniel Polsky, 1994.
"Job Stability in the United States,"
NBER Working Papers
4859, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:cep:cepdps:dp0416. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.