In addition to supervision costs, the labor cost of an enterprise (plantation) in the system of slavery consists of the cost of acquiring the slaves and the subsistence compensation given out to the slaves. In this paper, we leave aside the issue of supervision costs previously taken up in the theoretical literature on slavery, and focus on these two peculiar components of labor costs. We analy...

This Discussion Paper is issued within the framework of IZA's research area 7KH)XWXUH RI :RUN Any opinions expressed here are those of the author(s) and not those of the institute. Research disseminated by IZA may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international rese...

A number of authors have investigated whether aggregate and! or local labor market conditions affect college enrollment, hut the results across studies are very inconsistent. There are two shortcomings in the previous studies that may explain the weak correlation between labor market opportunities and college enrollment. First, we will use the unique structure of the HS & B to construct unemplo...

South Asian labor market has undergone changes brought in by the forces of liberalization. Liberal free trade has changed the structure of industrial priority from import competing to export industries. This has implied fragmentation and relocation of industries in the value added chains. Production has been stretched across the globe and unskilled labor and skilled labor are being thrown to fo...

Do labor regulations influence the reaction of stock markets and firm profitability to cross-border acquisitions? We discover that acquiring firms enjoy smaller abnormal stock returns and profits when targets are in countries with stronger labor protection regulations, i.e., in countries where laws, regulations, and policies increase the costs to firms of adjusting their workforces. These effec...

The paper extends Lucas and Prescott’s (1974) search model to develop a notion of rest unemployment. The economy consists of a continuum of labor markets, each of which produces a heterogeneous good. There is a constant returns to scale production technology in each labor market, but labor productivity is continually hit by idiosyncratic shocks, inducing the costly reallocation of workers acros...

This thesis studies the macroeconomics of incomplete markets. Chapter 1 studies the effects of capital taxation in a dynamic heterogeneous-agent economy with uninsurable entrepreneurial risk. Unlike either the complete-markets paradigm or Bewley-type models where idiosyncratic risk impacts only labor income, here it is shown that capital taxation may actually stimulate capital accumulation. Thi...

2 Márquez, Gustavo. Labor markets and income support : what did we learn from the crises / by Gustavo Márquez.