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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Hours, Layoffs and Unemployment Insurance Funding: Theory and Practice in an International Perspective
Authors: Hart, Robert A
FitzRoy, Felix R
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Issue Date: Sep-1985
Publisher: Wiley-Blackwell / Royal Economic Society
Citation: Hart RA & FitzRoy FR (1985) Hours, Layoffs and Unemployment Insurance Funding: Theory and Practice in an International Perspective, Economic Journal, 95 (379), pp. 700-713.
Abstract: The strikingly different behaviour of important economic aggregates in the United States and other industrial countries has received surprisingly little attention from economists. Among recent exceptions, however, Gordon (1982) has shown that wages and hours of work are much more flexible in the United Kingdom and Japan than in the United States. This paper offers an explanation for the contrasting layoff and hours of work experience between the United States and elsewhere, which moves away from the standard, somewhat institutional, reasons. We argue that differences in the application of the payroll tax system for funding unemployment insurance provide a new, and potentially important, approach to explaining these phenomena. In general terms, we have chosen to emphasise the important distinction between employment and hours adjustment because we believe that this has not been given sufficient attention in the related literature.
Type: Journal Article
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Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Economics
International Institute of Management, Science Center, Berlin

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