Burgess, Simon (1999) The reallocation of labour: an international comparison using job tenure. CEPDP, 416. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753012669
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Abstract
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.
| Item Type: | Monograph (Discussion Paper) |
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| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 1999 Simon burgess |
| Library of Congress subject classification: | H Social Sciences > HD Industries. Land use. Labor |
| Sets: | Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| Identification Number: | 416 |
| URL: | http://eprints.lse.ac.uk/20232/ |
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