LSN: Empirical Studies of Employment & Labor Law (Topic)最新文献

{"title":"Reservation Wages of First and Second Generation Migrants","authors":"A. Constant, Annabelle Krause-Pilatus, Ulf Rinne, K. Zimmermann","doi":"10.2139/ssrn.1735954","DOIUrl":"https://doi.org/10.2139/ssrn.1735954","url":null,"abstract":"We analyse the reservation wages of first- and second-generation migrants, based on rich survey data of the unemployed in Germany. Our results confirm the hypothesis that reservation wages increase over migrant generations and over time, suggesting that the mobility benefit of immigration may be limited in time.","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126615225","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":"Salary Caps and Luxury Taxes: Insights from Professional Team Sports (Gehaltsobergrenzen und Luxussteuern: Erkenntnisse aus dem professionellen Mannschaftssport)","authors":"H. Dietl, Tobias Duschl, M. Lang","doi":"10.2139/ssrn.1718618","DOIUrl":"https://doi.org/10.2139/ssrn.1718618","url":null,"abstract":"The regulation of executive pay currently is a topic widely discussed in politics and the media. In this contribution we analyze a sector with a long tradition of pay regulation: professional team sports. We provide an analysis of the most important regulatory practices and their consequences on the labor markets of professional athletes, teams’ financial situation, and sports competition. Further we sketch how similar practices could look in the context of executive pay regulation.","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130011189","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":"Big But Brittle: Economic Perspectives on the Future of the Law Firm in the New Economy","authors":"Bernard A. Burk, D. McGowan","doi":"10.7916/CBLR.V2011I1.2901","DOIUrl":"https://doi.org/10.7916/CBLR.V2011I1.2901","url":null,"abstract":"This Article addresses three deceptively simple questions. First, why have law firms grown for over forty years, up to the onset of the recent recession, as quickly as they have? Second, why did law firms grow in the unusual configuration widely observed during that time? Third, should lawyers, clients, law students, and law schools expect these familiar trends in growth and configuration to reassert themselves as the economy improves, as they have after every recession since the1970s? The various academic approaches to these questions to date are grounded in such notions as diversification, asset specificity, “tournament” theory, and reputational and agency-cost concerns at the level of the firm as a whole. We argue that these approaches do not explain or predict actualevents very well, and thus offer little guidance for the future. We suggest two perspectives that appear more consistent with the available empirical evidence, and thus may better predict future trends. The first perspective shows that when lawyers with appropriately complementary reputations and connections (“relational capital”) join together in a firm, they can each better exploit the value of their own relational capital and thus jointly create value greater than the sum of their individual contributions. The positive feedback created by an internal referral network among firm members generates growth for the firm and provides a bond among its members, albeit a relatively weak one. This perspective is new to the literature on law firm economics, and helps explain why large firms have long continued to grow despite apparent diseconomies of scale. It also suggests why firms may grow to large sizes yet be brittle enough to shed partners regularly in the process—and in some cases suddenly splinter altogether. The second perspective analyzes large law firms using familiar economic principles concerning technological innovation and transaction costs, principles that have been largely overlooked in the literature on large firms. We argue that reductions in particular transaction costs and in the cost of certain key inputs are helpful in explaining a number of the trends in the staffing and pricing of legal services documented in recent years. We apply these perspectives to derive a range of predictions for law firms and law schools in the years to come. We conclude that, despite rumors of the “Death of Big Law,” the large firm is here to stay. But we also conclude that the evolving configuration of large law firms has profound implications for practicing and aspiring lawyers, as well as for the law schools that prepare students for the increasingly global and competitive market for their services.","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122322585","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":"General Assistance Recipients and Welfare-to-Work Programs: Evidence from New York City","authors":"John Ifcher","doi":"10.2202/1944-2858.1061","DOIUrl":"https://doi.org/10.2202/1944-2858.1061","url":null,"abstract":"General Assistance (GA) programs are virtually unstudied. Yet, GA programs serve an economically vulnerable, non-trivial population that should be of interest. To begin to address this shortcoming, two welfare-to-work programs, in which GA recipients participated, are studied. Using a quasi-experimental approach, the effect of each program on welfare use and employment is estimated. The results indicate that each program significantly increased welfare exits and that the second program significantly increased employment (employment data was unavailable for the first program).","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132798440","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 Fiftieth Anniversary of the Steelworkers Trilogy: Some Reflections on Judicial Review of Labor Arbitration Decisions - Will Gold Turn to Rust?","authors":"D. L. Gregory, Michael K. Zitelli, Christina E. Papadopoulos","doi":"10.2139/SSRN.1653506","DOIUrl":"https://doi.org/10.2139/SSRN.1653506","url":null,"abstract":"In 1960, in the landmark Steelworkers Trilogy, the United States Supreme Court enthusiastically endorsed arbitration of grievances in private sector labor management relations. As a means of efficient and effective dispute resolution, labor arbitration was perceived as far superior to external litigation in court; labor arbitration was, and is, quicker and less expensive than most litigation. Over the course of the past half-century, the Supreme Court has reiterated and reaffirmed the classic benchmark principles of judicial deference to labor arbitration that the Court unequivocally elucidated in the Trilogy. With increasing frequency, however, some activist judges on the lower federal courts are seemingly predisposed to vacate labor arbitration decisions simply because the judge does not like the particular substantive result of the particular labor arbitration decision. This propensity of some of the lower federal courts to set aside labor arbitration decisions reached its zenith (or nadir, depending on one’s perspective) in the Sixth Circuit in 2006. This essay examines the Sixth Circuit experience with some particularity, analyzing what that Circuit’s pre and post 2006 practical experience and jurisprudence may auger for the future of labor arbitration, and of Alternative Dispute Resolution more broadly, in this 50th anniversary year of the Steelworkers Trilogy.","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124443211","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":"Market Reaction to Limiting Executive Compensation: Evidence from TARP Firms","authors":"Won Yong Kim","doi":"10.2139/ssrn.1553394","DOIUrl":"https://doi.org/10.2139/ssrn.1553394","url":null,"abstract":"Using 256 TARP recipients, I find that markets negatively react to the news on limiting executive compensations. Although investors react quite positively for the initial announcement of TARP on October 14, 2008, other announcements regarding compensation regulation including a strict $500,000 salary cap are perceived as bad news in the market. The results are more supportive of the managerial talent hypothesis, which implies that investors are concerned about losing talented executives due to the upper limit of the salary. Splitting the sample by various possible determinants for CARs, I also find that firm size as well as financial performance is an important factor in determining the level of abnormal returns. In conclusion, shareholders of larger and better performing firms are concerned about the potential loss of talent arising from a salary cap.","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123174497","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":"Minimum Wage Regulation in China and its Applications to Migrant Workers in the Urban Labor Market","authors":"Yang Du, Weiguang Pan","doi":"10.1111/j.1749-124X.2009.01143.x","DOIUrl":"https://doi.org/10.1111/j.1749-124X.2009.01143.x","url":null,"abstract":"Using data at micro and city levels, the present paper explores the policy evolution of the minimum wage system in China, and examines its coverage for migrant workers. The analysis indicates that minimum wage policy has been substantially improved in terms of both coverage and the level of the minimum wage standard, but that the current policy tool that relies on the monthly wage rate is not effective. Because migrant workers tend to work more hours, use of an hourly wage rate is more appropriate than a monthly wage rate.","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117994976","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 Gender Impact of National Pension Reforms in the Republic of Korea","authors":"M. An","doi":"10.1111/j.1468-246X.2009.01330.x","DOIUrl":"https://doi.org/10.1111/j.1468-246X.2009.01330.x","url":null,"abstract":"This article examines the gender impact of National Pension reforms in the Republic of Korea. In 2007, the Korean government introduced an income-tested basic old-age pension scheme paying flat-rate benefits. It also introduced credited pension coverage periods for child rearing and changed entitlement conditions for divorcees and widows and widowers. This paper examines the impact of these policy changes for individuals with shorter working lives and lower wages, for survivors and for the traditional social protection role played by the family in Korea. Findings indicate that the reforms have some positive features. However, the reforms still offer better value for those with higher earnings and an uninterrupted employment history, both of which are more characteristic of male workers. Moreover, the important income security role played by the family is still strongly embedded in the provisions and the protection available to survivors remains weak.","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127859235","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":"How a Mandatory Activation Program Reduces Unemployment Durations: The Effects of Distance","authors":"B. Graversen, J. van Ours","doi":"10.2139/ssrn.1365150","DOIUrl":"https://doi.org/10.2139/ssrn.1365150","url":null,"abstract":"In an experimental setting some Danish unemployed workers were assigned to an activation program while others were not. Unemployed who were assigned to the activation program found a job more quickly. We show that the activation effect increases with the distance between the place of residence of the unemployed worker and the place where the activation took place. We also find that the quality of the post-unemployment jobs was not affected by the activation program. Both findings confirm that activation programs mainly work because they are compulsory and unemployed don't like them.","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121812467","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":"Horizontal Mergers, Involuntary Unemployment, and Welfare","authors":"Oliver Budzinski, Jürgen-Peter Kretschmer","doi":"10.2139/ssrn.1344214","DOIUrl":"https://doi.org/10.2139/ssrn.1344214","url":null,"abstract":"Standard welfare analysis of horizontal mergers usually refers to two effects: the anticompetitive market power effect reduces welfare by enabling firms to charge prices above marginal costs, whereas the procompetitive efficiency effect increases welfare by reducing the costs of production (synergies). However, demand-side effects of synergies are usually neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported) decrease in labour demand due to merger-specific synergies and derive welfare effects. We find that efficiency benefits from horizontal mergers are substantially decreased, if involuntary unemployment exists. However, in full employment economies, demand-side effects remain negligible. Eventually, policy conclusions for merger control are discussed.","PeriodicalId":407537,"journal":{"name":"LSN: Empirical Studies of Employment & Labor Law (Topic)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117163158","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}