Felix Koenig
Carnegie Mellon
will give a presentation on
"Does Work-Time Regulation Cost Jobs? The Impact of PTO Regulation”
Abstract:
"Paid time off is one of the most common and most valued amenities of employment contracts. This study analyses the labor market effects of mandating paid time off. We leverage a German court ruling that mandated more time off for specific age groups in some industries and find that the ruling significantly increased paid time off, with no adverse effects on employment or wages. We interpret these results through the lens of canonical labor market models and find evidence for imperfect competition in the labor market. Our results suggest a similar degree of market power of employers over low and high-paid workers."
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