Job security and unemployment in an efficiency-wage model

Article Abstract:

Job security and its effects on unemployment are controversial issues. I investigate the effects of job security in an efficiency-wage model of unemployment. though efficiency-wage ideas have wide appeal and provide strong foundations of involuntary unemployment, not much has been written about the ramifications of job security in these scenarios. I show that job security creates wage and unemployment effects when efficiency-wage aspects are relevant, because employment guarantees shift the burden of workers' effort attraction to the wage mechanism. These effects are further enhanced when workers have some bargaining power. My results, therefore, suggest a trade-off between employment stability and employment: High employment security leads to smaller employment (or larger involuntary unemployment). (Reprinted by permission of the publisher.)

Job security

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Unemployment, immigration, and NAFTA: a panel study of ten major U.S. industries

Article Abstract:

We conduct a pooled cross-section and time-series analysis of the unemployment rates across ten major industries in the U.S. from 1983 to 1994 to assess the effect of NAFTA and immigration. Our results indicate that the output produced by the industry, unemployment benefit coverage, and interest rates are significant determinants of industry unemployment rates, but union presence does not affect industry unemployment. Both Canadian and Mexican immigrants appear to be complements to the U.S. labor force, with Canadian immigrants highly complementary to American labor. Finally, the Chow test provides no evidence that NAFTA has changed the structure of unemployment determination in these industries. (Reprinted by permission of the publisher.)

Administration of General Economic Programs, International Affairs, Immigration & Emigration, Employment Levels, Treaties & Intnl Law, Employment, Commercial treaties, Trade agreements, Emigration and immigration

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The effect of immigration on aggregate native unemployment: an across-city estimation

Article Abstract:

This study investigates the relationship between the rate of immigration into various cities in various years and the level and change in unemployment. In pooled regressions, immigratioon lagged one year does not show a statistically significant effect either by itself or when other lags are added. Individual regressions using the difference in unemployment rates over time show a slight, but statistically insignificant, positive displacement effect over two-year periods. The evidence indicates that there is little or no observed increase in aggregate native unemployment due to immigration, even in the relatively short run during which adjustment frictions should be most severe. (Reprinted by permission of the publisher.)

Migration, Internal, Internal migration

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