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Labor Market Flexibility

What is 'Labor Market Flexibility '

Labor market flexibility is a firm's ability to make changes to their workforce in terms of the number of employees they hire and the number of hours worked by the employees. Labor market flexibility also includes areas such as wages and unions. A flexible labor market is one where firms are under fewer regulations regarding the labor force and can therefore set wages (i.e. no minimum wage), fire employees at will and change their work hours. A labor market with low flexibility is bound by rules and regulations such as minimum wage restrictions and requirements from trade unions.

Explaining 'Labor Market Flexibility '

Supporters of increased labor market flexibility argue that it leads to lower unemployment rates and higher GDP. However, its opponents claim that flexibility puts all the power in the hands of the employer, resulting in an insecure workforce.


Further Reading


Volatility, labor market flexibility, and the pattern of comparative advantage
academic.oup.com [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …

Employee satisfaction, labor market flexibility, and stock returns around the worldEmployee satisfaction, labor market flexibility, and stock returns around the world
www.nber.org [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …

The consequences of labor market flexibility: Panel evidence based on survey dataThe consequences of labor market flexibility: Panel evidence based on survey data
www.sciencedirect.com [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …

Business strategy, human resources, labour market flexibility and competitive advantageBusiness strategy, human resources, labour market flexibility and competitive advantage
www.tandfonline.com [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …

Labor market flexibility and the impact of the financial crisisLabor market flexibility and the impact of the financial crisis
onlinelibrary.wiley.com [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …

Extracting labor from its owner: Private employment agencies and labor market flexibility in IndonesiaExtracting labor from its owner: Private employment agencies and labor market flexibility in Indonesia
www.tandfonline.com [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …

Unemployment, macroeconomic policy and labor market flexibility: Argentina and Mexico in the 1990sUnemployment, macroeconomic policy and labor market flexibility: Argentina and Mexico in the 1990s
repositorio.cedes.org [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …

Contextualizing speed and cross-border acquisition performance: Labor market flexibility and efficiency effectsContextualizing speed and cross-border acquisition performance: Labor market flexibility and efficiency effects
www.sciencedirect.com [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …

Bringing institutions into performance persistence research: Exploring the impact of product, financial, and labor market institutionsBringing institutions into performance persistence research: Exploring the impact of product, financial, and labor market institutions
link.springer.com [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …

Labor standards and labor market flexibility in East AsiaLabor standards and labor market flexibility in East Asia
link.springer.com [PDF]
… This paper studies the link between volatility, labor market flexibility, and international trade … supports this theory: the exports of countries with more flexible labor markets are biased … We show how differences in labor market institutions can be parsimoniously integrated into the …