ESSAYS ON DYNAMIC LABOR ECONOMICS
Abstract
This work is divided into two essays. The first essay extends Oi's model that treats labor as a quasi-fixed factor. Firms are allowed to alter their rates of capital and labor utilization over the business cycle. In addition, the potential for temporary layoffs is introduced. Several testable propositions are presented and tested. In the second essay, the relationships among on-the-job training, various forms of compensation, and the tax system are examined. It is shown that pensions may be used to increase on-the-job training. Further, the presence of a social security system also increases the quantity of on-the-job training.
Degree
Ph.D.
Subject Area
Business community
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