Labor Market Flexibility and General and Firm-specific Skills

IF 0.5 Q4 ECONOMICS ATLANTIC ECONOMIC JOURNAL Pub Date : 2023-12-21 DOI:10.1007/s11293-023-09783-8

Naoki Shintoyo

引用次数: 0

Abstract

The current economy is subject to great uncertainty. Smooth labor reallocations are important. This calls for labor market policies that increase flexibility. Conventional wisdom suggests that such policies will increase general skills and reduce firm-specific skills. This study demonstrates that this conjecture is not a theoretical necessity. Indeed, increased labor market flexibility can depress both general and firm-specific skills. If flexibility increases in the experienced worker market, general and firm-specific skills increase or decrease simultaneously. The reason for this surprising outcome emerges from the model.

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劳动力市场的灵活性以及一般技能和企业特有技能

当前的经济存在很大的不确定性。平稳的劳动力再分配非常重要。这就需要采取提高灵活性的劳动力市场政策。传统观点认为，这种政策会提高一般技能，降低企业特定技能。本研究表明，这一猜想并非理论上的必然。事实上，增加劳动力市场的灵活性既会降低一般技能，也会降低企业特有技能。如果经验丰富的工人市场的灵活性增加，一般技能和企业特有技能就会同时增加或减少。这一惊人结果的原因来自模型。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

ATLANTIC ECONOMIC JOURNAL ECONOMICS-

CiteScore

1.30

自引率

16.70%

发文量

期刊介绍： The Atlantic Economic Journal (AEJ) has an international reputation for excellent articles in all interest areas, without regard to fields or methodological preferences. Founded in 1973 by the International Atlantic Economic Society, a need was identified for increased communication among scholars from different countries. For over 30 years, the AEJ has continuously sought articles that traced some of the most critical economic changes and developments to occur on the global level. The journal''s goal is to facilitate and synthesize economic research across nations to encourage cross-fertilization of ideas and scholarly research. Contributors include some of the world''s most respected economists and financial specialists, including Nobel laureates and leading government officials. AEJ welcomes both theoretical and empirical articles, as well as public policy papers. All manuscripts are submitted to a double-blind peer review process. In addition to formal publication of full-length articles, the AEJ provides an opportunity for less formal communication through its Anthology section. A small point may not be worthy of a full-length, formal paper but is important enough to warrant dissemination to other researchers. Research in progress may be of interest to other scholars in the field. A research approach ending in negative results needs to be shared to save others similar pitfalls. The Anthology section has been established to facilitate these forms of communication. Anthologies provide a means by which short manuscripts of less than 500 words can quickly appear in the AEJ. All submissions are formally reviewed by the Board of Editors. Officially cited as: Atl Econ J