{"title":"Who Benefits from Increased Government Spending? A State-Level Analysis","authors":"Michael T. Owyang, Sarah Zubairy","doi":"10.2139/ssrn.1352087","DOIUrl":"https://doi.org/10.2139/ssrn.1352087","url":null,"abstract":"We simultaneously identify two government spending shocks: military spending shocks as defined by Ramey (2011) and federal spending shocks as defined by Perotti (2008). We analyze the effect of these shocks on state-level personal income and employment. We find regional patterns in the manner in which both shocks affect state-level variables. Moreover, we find differences in the propagation mechanisms for military versus non-military spending shocks. The former benefits economies with larger manufacturing and retail sectors and states that receive military contracts. While non-military shocks also benefit states with the proper industrial mix, they appear to stimulate economic activity in lower-income states.","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123713410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Does Say on Pay Matter? Evidence from Say-on-Pay Proposals in the United States","authors":"Natasha Burns, Kristina Minnick","doi":"10.2139/ssrn.1558435","DOIUrl":"https://doi.org/10.2139/ssrn.1558435","url":null,"abstract":"We investigate the effect of say-on-pay (SOP) proposals on changes in executive and director compensation. Relative to non-SOP firms, SOP firms’ total compensation to CEOs does not significantly change after the proposal. Although the total compensation does not change, the mix of compensation does change – companies move away from using cash compensation toward more incentive compensation, offsetting the reduction in bonus. Further, the mix of compensation of non-CEO executives changes similarly to that of CEOs. Compensation to directors of SOP firms increases significantly less than non-SOP firms’. Firms whose CEOs are well compensated, especially with cash-based compensation, are most likely to receive a proposal.","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"1999 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128247232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Purpose for Every Time? The Timing and Length of the Work Week and Implications for Worker Well-Being","authors":"L. Golden","doi":"10.2139/SSRN.1601514","DOIUrl":"https://doi.org/10.2139/SSRN.1601514","url":null,"abstract":"Would replacing the conventional work week with a four-day option benefit economic performance and well-being? In the framework of economics, the question is whether work week reform can make some individuals better off without making other individuals worse off in ways that do not hamper other goals such as efficiency, economic growth, and equity. Social and individual welfare outcomes would depend on whether reforming the work week involves shortening the length of the work day versus rearranging the timing of work. The “public good” case for a policy that induces shorter hours of work per employee is a logical extension from evidence of the adverse effects stemming from excessively long hours of work on workers’ stress, work/life balance and productivity per hour. A shorter work week may improve workers’ well-being if it creates more total employment opportunities; allows more free time to be used at employees’ discretion and control over work time; is accompanied by partial income replacement under states’ “work-sharing” programs; and is well targeted toward workers who prefer shorter hours than they are currently working. Given the heterogeneity of work hour preferences by stage of life-cycle, the most promising Fair Labor Standards Act reform proposals, from an individualistic standpoint, would be those ensuring that employers consider individual employee requests for flexibility in the number of hours over or the times when the employee is required to work.","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132277287","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What's Law Got to Do with It? How and Why Law Matters in the Regulation of Sex Work","authors":"J. Scoular","doi":"10.1111/j.1467-6478.2010.00493.x","DOIUrl":"https://doi.org/10.1111/j.1467-6478.2010.00493.x","url":null,"abstract":"Drawing on recent empirical work that considers the relationship between different legal approaches to the ‘problem’ of prostitution, this article argues that the frequently drawn distinction between apparently diametrically opposed positions, such as prohibitionism and legalization, is certainly less significant than is often assumed and may, in fact, be illusory. This lack of distinction raises serious questions as to law's role in regulating sex work. In response to claims that law is ‘merely’ symbolic in its influence, I argue that these similarities arise precisely because law does matter (albeit in a different way from that assumed by a sovereign-centred understanding of the legal complex), and offer a complex and critical account of the role of modern law in regulating sex work. This approach not only more accurately elucidates the ways in which law supports dominant structures, in this case neo-liberalism, but offers some optimism for its (albeit limited) potential to transform.","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120477113","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Design of Unemployment Transfers: Evidence from a Dynamic Structural Life-Cycle Model","authors":"P. Haan, Victoria Prowse","doi":"10.2139/ssrn.1692702","DOIUrl":"https://doi.org/10.2139/ssrn.1692702","url":null,"abstract":"In this paper we use a dynamic structural life-cycle model to analyze the employment, fiscal and welfare effects induced by unemployment insurance. The model features a detailed specification of the tax and transfer system, including unemployment insurance benefits which depend on an individual’s employment and earnings history. The model also captures the endogenous accumulation of experience which impacts on future wages, job arrivals and job separations. For better identification of the structural parameters we exploit a quasinatural experiment, namely reductions over time in the entitlement period for unemployment insurance benefits which varied by age and experience. The results show that a policy cut in the generosity of unemployment insurance operationalized as a reduction in the entitlement period generates a larger increase in employment and yields a bigger fiscal saving than a cut operationalized as a reduction in the replacement ratio. Welfare analysis of revenue neutral tax and transfer reforms also favors a reduction in the entitlement period.","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131472802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Intra-Enterprise Activity, Joint Ventures and Sports Leagues: Identifying Unilateral Conduct Under the Antitrust Laws","authors":"Herbert Hovenkamp","doi":"10.2139/ssrn.1511170","DOIUrl":"https://doi.org/10.2139/ssrn.1511170","url":null,"abstract":"In the American Needle case the Supreme Court will consider whether the NFL’s decision to give an exclusive trademark license to one firm should be counted as “unilateral” on the NFL’s part, or rather as the concerted joint venture activity of the NFL’s individual member teams. The intellectual property in question is not trademarks in the NFL itself, but rather the trademarks and other intellectual property developed separately by each individual team, and which the teams in turn have licensed exclusively to the NFL.In general, when a joint venture is engaged in its own business the unilateral characterization is appropriate. Thus, for example, if the ABA decides to hold its convention in San Francisco rather than Chicago that decision should not ordinarily be treated as a “conspiracy” of the ABA’s members to boycott Chicago. By the same token, the NFL has many employees of its own, and labor disputes between those employees and the NFL would be considered as involving a single employer. By contrast, when disputes involving the players of individual teams are at issue the NFL is properly treated as a collaboration of employers, as the Supreme Court assumed to be the case in its Brown vs. Pro Football decision in 1996.A decision that the NFL is a joint venture of multiple firms when it is managing the separable business interests of the member teams need not result in per se illegality or, for that matter, not even in particularly harsh treatment. Output limiting restrictions by legitimate joint ventures are dealt with under the ancillary restraints doctrine and tested for reasonableness. The great majority of such restraints are reasonable and lawful. By contrast, even efficient joint ventures can become vehicles for the naked restraints of their members.","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117014656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Solving the Employee Reference Problem: Lessons from the German Experience","authors":"M. Finkin, K. Dau-Schmidt","doi":"10.2139/SSRN.1215189","DOIUrl":"https://doi.org/10.2139/SSRN.1215189","url":null,"abstract":"In this article we examine the problem of declining employer references in the American economy. We argue that the problem is not that employers inordinately fear potential slander and libel liability for giving references, but that they have no assurance of benefits from reciprocal references in exchange for taking any risk or suffering any cost in giving references. We provide a comparative legal analysis and argue that the United States might benefit from adopting an employer letter of recommendation system similar to that currently used in Germany.","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130864535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Employee Free Choice or Employee Forged Choice? Race in the Mirror of Exclusionary Hierarchy","authors":"H. Hutchison","doi":"10.2139/ssrn.1459189","DOIUrl":"https://doi.org/10.2139/ssrn.1459189","url":null,"abstract":"The Employee Free Choice Act (EFCA) is arguably the most transformative piece of labor legislation to come before Congress since the enactment of the National Labor Relations Act of 1935 (NLRA). Putting the potential impact of the EFCA in historical perspective, one commentator contends that the NLRA marked the culmination of a systematic effort of the Progressive movement that dominated so much of American intellectual life during the first third of the twentieth century. As it was widely acknowledged at the time, the NLRA was revolutionary in its implications for American Labor Law. Less widely recognized were the adverse effects of this and other New Deal statutes on people of color. Readily available evidence shows that President Roosevelt’s insistence on raising the price of labor (1) increased unemployment and human suffering, and (2) also widened the unemployment gap between blacks and whites. Today, this wide, if not widening, unemployment gap remains in effect. Properly appreciated, the consequences of the New Deal for African Americans persist as an important and under-examined issue. It is likely that neither Progressive Era labor legislation nor contemporary efforts to further transform the labor market operate in the best interest of African American citizens. Provoked by the assertion that labor faces a legal crisis and the claim that the statutory right to organize is a sham, energized by the contention that the union movement ought to reinvent itself as a robust engine of collective insurgency against globalization, class-based injustice, and asserted increasing disparities in income, labor union advocates and hierarchs have offered a number of ideas that include the necessity of acting like a genuine rights movement, encouraging open source unionism, and creating alternative (nonunion) worker organizations.One of the newest attempts to transform labor relations is the EFCA. The first to disappear under the EFCA would be a system of union democracy whereby unions could only obtain the rights of exclusive representation for firms if they could prevail in a secret-ballot election. Second, the EFCA would eliminate the necessity of a freely negotiated collective bargaining agreement between management and labor and instead substitute compulsory arbitration. While some labor union advocates contend that law ought to be conceived of as a vehicle to democratize the workplace by redistributing power in labor markets in favor of workers, while concurrently demolishing hierarchical command structures that entrench gender, race and class lines, this proposal would likely expand labor hierarchy, labor market cartelization and diminish the employment prospects of racial minorities. As such, the EFCA is marked by contradiction. This paper deploys Critical Race Reformist theory, economics and apartheid-era South African labor history in order to show that rather than embracing freedom for workers, eliminating poverty, and expanding opportunities","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"62 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127603524","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Managing Migration Through Conflicting Policies: An Option-Theory Perspective","authors":"M. Moretto, S. Vergalli","doi":"10.1111/j.1467-9485.2009.00520.x","DOIUrl":"https://doi.org/10.1111/j.1467-9485.2009.00520.x","url":null,"abstract":"Recent European legislation on immigration has revealed a particular paradox on migration policies. On the one hand, the trend of recent legislation points to the increasing closure of frontiers (OECD 1999, 2001,2004), trying to limit the immigrants’ stock. On the other hand, there is an increase in regularization, i.e., European policies are becoming less tight. Our aim here is to develop a theoretical model that tries to explain if it is better for the government to tighten or relax limits for immigrants in order to control migration inflows better. To this end, we use a real option approach to migration choice that assumes that the decision to migrate can be described as an irreversible investment decision. In our model the government has in mind a specific upper bound on immigrants, and the policies adopted (admission requirements or regularizations) are signals for each potential migrant that reveal information about this limit. Our results show that promoting uncertainty over this migration upper bound may improve the government’s control on migration inflows (quotas). This could explain that the paradox of counterbalancing policies is not an odd evidence. In particular, we show that if the government controls the information related to the immigration stock it could delay the mass entry of immigrants, maintaining the required stock in the long run and controlling the flows in the short-run.","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133974804","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Impact of Ethiopia's Productive Safety Net Program on Schooling and Child Labor","authors":"J. Hoddinott, D. Gilligan, A. Taffesse","doi":"10.2139/ssrn.1412291","DOIUrl":"https://doi.org/10.2139/ssrn.1412291","url":null,"abstract":"We investigate the impact of participation in the Public Works component of Ethiopia's Productive Safety Net Program, the largest social protection program in Sub-Saharan Africa outside of South Africa, on schooling and child labor. Income from Public Works should reduce demand for child labor and increase schooling. However, Public Works labor requirements may induce a substitution of child labor for adult labor at home and in income-generating activities, possibly reducing schooling. Using matching estimators to identify program impacts, we find evidence of both processes at work. Results are presented by gender and by age cohorts because returns to schooling may differ by gender and the opportunity cost of schooling varies by gender and age of the child. We find that participation in Public Works leads to a moderate reduction in agricultural labor hours on average for boys age 6-16 years and a reduction in domestic labor hours for younger boys age 6-10 years. Boys in households receiving more regular transfers (at least 90 birr per member) show large increases in school attendance rates and, at the younger age, a significant reduction in total hours worked. When Public Works is coupled with agricultural packages designed to boost farm productivity, there are no affects on boys schooling and labor hours fall only for younger boys in domestic chores. For girls, measured effects are weaker, but differences emerge between younger (age 6-10) and older (age 11-16) girls. Younger girls experience worse outcomes, with lower school attendance on average and increases in child labor in households participating in PW and the OFSP. Older girls benefit, with a reduction in labor hours on average and an increase in school attendance in households receiving larger transfers.","PeriodicalId":177971,"journal":{"name":"Economic Perspectives on Employment & Labor Law eJournal","volume":"96 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127724140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}