Exact(1)
According to Calmfors (1994), the direct effects on employment, unemployment and earnings act via three mechanisms: (i) an improved matching process; (ii) increased and enhanced labor supply; and (iii) increased labor demand.
Similar(57)
Hashimoto (1982) argues that minimum wages enhance labor market competition through increasing competition for jobs.
These measures aiming at increasing productivity, employability and earnings of workers enhance labor supply by adapting and increasing workers' skills and improve job matching by tackling skill mismatches141.
We find that firms facing tight employment protection invest more in training, but also use temporary contracts to enhance labor flexibility.
The Trans-Pacific Partnership (TPP) announced this week promises to lower the cost of manufactured goods and agricultural products for consumers, enhance labor and environmental protections, and strengthen rules against counterfeiting and intellectual property theft.
And last but not least, UI introduction offers an opportunity for Malaysia to modernize its outdated labor legislation and enhance labor market flexibility, thereby increasing competitiveness and unleashing productivity growth.
In a context where skills mismatches prevail, unemployment soars, information about job opportunities is asymmetric, and there seems to be vacancies that cannot be filled, ALMPs could help to enhance labor mobility and improve job matching.
The original aim of these measures is similar to the previous category of directly raising labor demand, indirectly enhancing labor supply by improving employability and by avoiding skill attrition, indirectly improving labor market matching by signaling of workers' productivity out of employment and incentivizing workers' job search efforts127.
When employment protection for permanent workers is relatively strict, firms tend to use training to accommodate the workforce to the needs of new technologies, but are also more likely to use temporary employment to enhance labor flexibility.2 The impact of regulations on firms' behavior also varies a lot depending on salient firms characteristics.
Productive capital does not "enhance" labor productivity (labor's ability to produce economic goods).
Contrary to conventional thinking, productive capital does not "enhance" labor productivity (labor's ability to produce economic goods).
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