Cross‐Country Evidence on Labor Market Institutions and Young Adult Employment through the Financial Crisis.
I develop and analyze a set of cross‐country facts regarding employment and wage setting institutions over the decade surrounding the 2008 financial crisis. Among long‐industrialized countries, young adult employment declined more than prime age employment over this time period. I show that differen...
| Publicado en: | Southern Economic Journal Vol. 86; no. 2; pp. 573 - 613 |
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| Formato: | Artículo |
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Wiley-Blackwell
Oct2019
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=138991613&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 138991613 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Oct2019 vid: 86 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 138991613 10.1002/soej.12373 ppf: 573 ppct: 40 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 502KB tig: atl: Cross‐Country Evidence on Labor Market Institutions and Young Adult Employment through the Financial Crisis. aug: au: Clemens, Jeffrey affil: Department of Economics, University of California at San Diego, 9500 Gilman Drive #0508, La Jolla CA 92093‐0508, USA su: Young adults Labor market Financial crises Wages Minimum wage sug: subj: Young adults Labor market Financial crises Wages Minimum wage Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors keyword: E24 E32 J21 J38 K31 E24 E32 J21 J38 K31 ab: I develop and analyze a set of cross‐country facts regarding employment and wage setting institutions over the decade surrounding the 2008 financial crisis. Among long‐industrialized countries, young adult employment declined more than prime age employment over this time period. I show that differences in countries' wage setting institutions strongly predict variations in the magnitude of declines in young adult employment. Both unconditionally and conditional on changes in macroeconomic conditions, young adult employment declined 5 percentage points less in countries where wage setting is driven by collective bargaining arrangements than in countries with statutory wage floors. Evidence on the evolution of legislated minimum wage rates and of an asymmetry in the relationship between growth and young adult employment suggest an important role for a standard "wage rigidity" mechanism. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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