LABOR HOARDING: AN OLD PHENOMENA IN MODERN TIMES? CASE STUDY FOR EU COUNTRIES

A consequence of similar institutional conditions of domestic labor markets in Europe is the permanent occurrence of the “labor hoarding” phenomenon, which entails non-immediate adaptation of employment to production changes. The article verifies whether the phenomenon of labor hoarding occurs in the European Union countries and what is its level and the direction of changes between 1996 and 2016. The empirical study of employment adjustments to the production volume showed that in the examined period the phenomenon of labor hoarding occurred in all countries of the European Union (excluding Spain). Labor hoarding was accomplished through a slight adjustment of the number of employees to production changes. At the same time, it was noticed that the companies were more flexible with adjusting the number of hours worked. This was particularly evident during global crises and was the consequence of other vital changes in national economies.

Underground waterlines

In order to explore factors conditioning the political quietude of Ukrainian labor, this article analyzes ethnographic data collected at two large enterprises: the Kyiv Metro and the privatized electricity supplier Kyivenergo. Focusing on a recent labor conflict, I unpack various contexts condensed in it. I analyze the hegemonic configuration developed in the early 1990s, at the workplace and at the macro level, and follow its later erosion. Th is configuration has been based on labor hoarding, distribution of nonwage resources, and patronage networks, featuring the foreman as the nodal figure. On the macro scale, it relied on the mediation by unions, supported by resources accumulated during the Soviet era and the economic boom of the 2000s. The depletion of these resources has spelled the ongoing crisis of this configuration.

Underground waterlines

In order to explore factors conditioning the political quietude of Ukrainian labor, this article analyzes ethnographic data collected at two large enterprises: the Kyiv Metro and the privatized electricity supplier Kyivenergo. Focusing on a recent labor conflict, I unpack various contexts condensed in it. I analyze the hegemonic configuration developed in the early 1990s, at the workplace and at the macro level, and follow its later erosion. This configuration has been based on labor hoarding, distribution of nonwage resources, and patronage networks, featuring the foreman as the nodal figure. On the macro scale, it relied on the mediation by unions, supported by resources accumulated during the Soviet era and the economic boom of the 2000s. The depletion of these resources has spelled the ongoing crisis of this configuration.

Effect of Work–Life Balance Practices on Firm Productivity: Evidence from Japanese Firm-Level Panel Data

This article examines how firm practices that could contribute to worker attainment of work–life balance (WLB) affect the total factor productivity (TFP) of a firm, by using panel data of Japanese firms from the 1990s. We observed a positive correlation between the WLB practices and TFP among sampled firms. However that correlation vanished when we controlled for the unobserved firm heterogeneity, and we found no general causal relationship in which WLB practices increase firm TFP in the medium or long run. For firms with the following characteristics, however, we found positive and sizable effects: large firms, manufacturing firms, and firms that have exhibited labor hoarding during recessions. Since these firms are likely to incur large fixed employment costs, we infer that firms investing in firm-specific human skills or having large hiring/firing costs can benefit from WLB practices through a decrease in turnover or increase in recruiting effectiveness.

Retrospectives: The Cyclical Behavior of Labor Productivity and the Emergence of the Labor Hoarding Concept

The concept of “labor hoarding,” at least in its modern form, was first fully articulated in the early 1960s by Arthur Okun (1963). By the end of the 20th century, the concept of “labor hoarding” had become an accepted part of economists' explanations of the workings of labor markets and of the relationship between labor productivity and economic fluctuations. The emergence of this concept involved the conjunction of three key elements: the fact that measured labor productivity was found to be procyclical, rising during expansions and falling during contractions; a perceived contradiction with the theory of the neoclassical firm in a competitive economy; and a possible explanation based on optimizing behavior on the part of firms. Each of these three elements—fact, contradiction, and explanation—has a history of its own, dating back to at least the opening decades of the twentieth century. Telling the story of the emergence of the modern labor hoarding concept requires recounting these three histories, histories that involve the work of economists motivated by diverse purposes and often not mainly, if at all, concerned with the questions that the labor hoarding concept was ultimately used to address. As a final twist to the story, the long-standing positive relationship between labor productivity and output in the US economy began to disappear in the late 1980s; and during the Great Recession, labor productivity rose while the economy contracted.

“Right-Sizing” in Oftering Parish: Labor Hoarding Peasant Firms in Austria, 1700–1850

When Hans Rosenberg wrote an assessment of the first three published volumes—by Friedrich Lütge, Heinz Haushofer, and Wilhelm Abel—of what would become the six-volumeDeutsche Agrargeschichte(1962–1984), he thought he detected a new analytical direction in German agrarian history, one that pointed toward how the economic and social experiences of rural populations could be understood as mutually intertwined and active in the broader course of events. In contrast to the legal formalism of Lütge and the technicist agronomism of Haushofer, Rosenberg held up Wilhelm Abel's work as particularly noteworthy for seeing rural populations simultaneously engaged in several kinds of markets, with movements in European grain prices over three centuries playing, for Abel, the role of comparable indicators for regionally differentiated market swings with diverse effects on rural life.