Place: IZA, Schaumburg-Lippe-Str. 7-9, Bonn, Germany Date: May 30-31, 2003 Organizers:Torben Andersen (University of Aarhus and IZA) and Winfried Koeniger (IZA)
The workshop focused on an emerging area of economic research with participants discussing various aspects of labor and financial market interactions. An emphasis lay on an analysis of the microstructure of these interactions, including the effects of corporate governance and product market competition on managerial compensation and workers’ wages. Moreover, the participants investigated the role of firms providing partial insurance to workers, the sorting of workers into firms with different risks and the interactions between self-employment and financial wealth. The workshop then went on to discuss the macro level effects of capital market imperfections on employment, job creation and rent sharing. The seminar also incorporated a politico-economic perspective by providing an economic analysis of why labor markets tend to be more regulated when capital markets are less efficient.