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Labor Market Effects (labor + market_effects)
Selected AbstractsAn Equilibrium Theory of Learning, Search, and WagesECONOMETRICA, Issue 2 2010Francisco M. Gonzalez We examine the labor market effects of incomplete information about the workers' own job-finding process. Search outcomes convey valuable information, and learning from search generates endogenous heterogeneity in workers' beliefs about their job-finding probability. We characterize this process and analyze its interactions with job creation and wage determination. Our theory sheds new light on how unemployment can affect workers' labor market outcomes and wage determination, providing a rational explanation for discouragement as the consequence of negative search outcomes. In particular, longer unemployment durations are likely to be followed by lower reemployment wages because a worker's beliefs about his job-finding process deteriorate with unemployment duration. Moreover, our analysis provides a set of useful results on dynamic programming with optimal learning. [source] The Temporary Staffing Industry: Growth Imperatives and Limits to Contingency,ECONOMIC GEOGRAPHY, Issue 4 2002Nik Theodore Abstract: The temporary staffing industry (TSI) in the United States has enjoyed explosive growth since the 1970s, during which time the market for temporary labor has become increasingly complex and diverse. Rather than focus, as has typically been done, on the wider labor market effects of this sustained expansion in temporary employment, this article explores patterns and processes of industrial restructuring in the TSI itself. The analysis reveals a powerfully recursive relationship among evolving TSI business practices, the industry's strategies for building and extending the market, and urban labor market outcomes as the sector has grown through a series of qualitatively differentiated phases of development or "modes of growth." Moreover, the distinctive character of the TSI's geographic rollout raises a new set of questions concerning, inter alia, the links between temping and labor market deregulation, the nature of local competition, the scope for and limits of value-adding strategies, and the emerging global structure of the temp market. This idiosyncratic industry,which has been a conspicuous beneficiary of growing economic instability,has, throughout the past three decades, restructured continuously through a period of sustained but highly uneven growth. In so doing, it has proved to be remarkably inventive in extending the market for contingent labor, but has encountered a series of (possibly structural) obstacles to further expansion in its domestic market. These obstacles, in turn, have triggered an unprecedented phase of international integration in the TSI, along with a new mode of development,global growth. [source] Tourism in US Global Cities: A Comparison of New York and Los AngelesJOURNAL OF URBAN AFFAIRS, Issue 1 2001David L. Gladstone Tourism has become a key component of both the Los Angeles and New York City economies and an integral part of each city's urban redevelopment efforts. Its growth has influenced each city's social structure and built environment in remarkably similar ways. We describe the economic and spatial characteristics of tourism in the two cities, focusing on its labor market effects. We find strong similarities in economic importance and some aspects of labor relations. We find differences in spatial and design consequences as well as certain labor market effects. Utilizing the general framework of regulation theory, we analyze the ways in which economic culture, local autonomy, and urban regimes contribute to the regulation of the tourism industry in the two cities. We also discuss how labor and community, and advocacy groups respond to, and in turn influence, the politics and economic culture of the cities in which they operate. [source] | ||||||||||