This paper empirically explores the incidence of labor inspections across firms in 72 developing countries. Given the relatively little knowledge on the behavior of labor inspection agencies, our objective is to present a collection of stylized facts on the incidence of enforcement. Our findings consistently show that larger firms are more likely to be inspected than smaller firms. Interestingl...

We study bankruptcy in general equilibrium, taking into account the interactions between the credit and the labor markets, as well as wealth heterogeneity. Soft bankruptcy laws often preclude liquidation, to avoid ex-post inefficiencies. This worsens credit rationing, depresses investment and reduces aggregate leverage. Yet, tough laws do not necessarily maximize social welfare or emerge from t...

Computable general equilibrium (CGE) modeling has provided a number of important insights about the interplay between environmental tax policy and the pre-existing tax system. In this paper, we emphasize that a labor market policy of recycling tax revenues from an environmental tax to lower employers’ non-wage labor cost depends on how the costs of labor are modeled. We propose an approach, whi...

The own-wage elasticity of labor demand is a key parameter in empirical research and policy analysis. However, despite extensive research, estimates of labor demand elasticities are subject to considerable heterogeneity. In this paper, we explore various dimensions of this heterogeneity by means of a comprehensive meta-regression analysis, building on information from 151 different studies cont...

This paper develops a continuous-time model of the public and private provision of liquidity and its relation to unemployment. We extend the Mortensen-Pissarides model of the labor market by adding an over-the-counter (OTC) market where trades are collateralized with claims on …rms’pro…ts and public liabilities backed by taxes. As a result, the real interest rate is endogenous and depends on th...

Manning proposes that the ‘traditional’ monopsony model, once regarded as an analytical curiosity, be adopted as a widely-applicable description of firms’ behavior in labor markets. In Manning’s view, search frictions in the labor market generate upwardsloping labor supply curves to individual firms even when firms are small relative to the labor market. Thus a model of ‘monopsonistic competiti...

An important source of antagonism between ethnic groups is hypothesized to be a split labor market, i.e. one in which there is a large differential in price of labor for the same occupation. The price of labor is not a response to race or ethnicity of those entering the labor market. A price differential results from differences in resources and motives which are often correlates of ethnicity. ...

abstract while the level of women’s participation in the labor market is on the rise in the world, the level of participation of iranian women has not proportionately increased, and women constitute only a small portion of the active population in iran. among factors affecting women’s participation in the labor market are the decisions concerning retirement and the willingness to work by the mi...