Analysis of Heuristics in Business Recruitment based on a Portfolio of Real Derivatives
<p>Departing from the notion that labour legislation should be founded in the generation of job stability a model for recruitment is presented in which the employer is likened to the holder of an investment portfolio containing two real derivatives – swap or the option of sale. This model allo...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad Católica de Colombia
2014-01-01
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| Series: | Revista Finanzas y Política Económica |
| Subjects: | |
| Online Access: | http://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/28 |
| _version_ | 1797642753222377472 |
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| author | Silvia Bou Ysás Magda Cayón Costa Albert Hernández |
| author_facet | Silvia Bou Ysás Magda Cayón Costa Albert Hernández |
| author_sort | Silvia Bou Ysás |
| collection | DOAJ |
| description | <p>Departing from the notion that labour legislation should be founded in the generation of job stability a model for recruitment is presented in which the employer is likened to the holder of an investment portfolio containing two real derivatives – swap or the option of sale. This model allows us on one hand to analyze sensitivity to the variables that are at play in an employment contract and, on the other, look at the effects that the most recent reforms in Spanish labour laws have had on contracting decisions made by employers. The results are clear: social security benefits are shown to be the most sensitive variable on the work contract, and applying the changes proposed in the latest labour reforms, this effect is upheld. The study concludes that reducing the costs of dismissal does not increase the likelihood of employers’ taking on new staff.</p> |
| first_indexed | 2024-03-11T14:05:49Z |
| format | Article |
| id | doaj.art-073b69fd8bc446c296955918bc6289b4 |
| institution | Directory Open Access Journal |
| issn | 2248-6046 2011-7663 |
| language | English |
| last_indexed | 2024-03-11T14:05:49Z |
| publishDate | 2014-01-01 |
| publisher | Universidad Católica de Colombia |
| record_format | Article |
| series | Revista Finanzas y Política Económica |
| spelling | doaj.art-073b69fd8bc446c296955918bc6289b42023-11-02T02:09:06ZengUniversidad Católica de ColombiaRevista Finanzas y Política Económica2248-60462011-76632014-01-0161739427Analysis of Heuristics in Business Recruitment based on a Portfolio of Real DerivativesSilvia Bou Ysás0Magda Cayón Costa1Albert Hernández2Universidad Autónoma de Barcelona, BarcelonaUniversidad Autónoma de Barcelona, BarcelonaUniversidad Autónoma de Barcelona, Barcelona<p>Departing from the notion that labour legislation should be founded in the generation of job stability a model for recruitment is presented in which the employer is likened to the holder of an investment portfolio containing two real derivatives – swap or the option of sale. This model allows us on one hand to analyze sensitivity to the variables that are at play in an employment contract and, on the other, look at the effects that the most recent reforms in Spanish labour laws have had on contracting decisions made by employers. The results are clear: social security benefits are shown to be the most sensitive variable on the work contract, and applying the changes proposed in the latest labour reforms, this effect is upheld. The study concludes that reducing the costs of dismissal does not increase the likelihood of employers’ taking on new staff.</p>http://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/28demanda laboralcontrato laboralderivados realesmodelo de simulación |
| spellingShingle | Silvia Bou Ysás Magda Cayón Costa Albert Hernández Analysis of Heuristics in Business Recruitment based on a Portfolio of Real Derivatives Revista Finanzas y Política Económica demanda laboral contrato laboral derivados reales modelo de simulación |
| title | Analysis of Heuristics in Business Recruitment based on a Portfolio of Real Derivatives |
| title_full | Analysis of Heuristics in Business Recruitment based on a Portfolio of Real Derivatives |
| title_fullStr | Analysis of Heuristics in Business Recruitment based on a Portfolio of Real Derivatives |
| title_full_unstemmed | Analysis of Heuristics in Business Recruitment based on a Portfolio of Real Derivatives |
| title_short | Analysis of Heuristics in Business Recruitment based on a Portfolio of Real Derivatives |
| title_sort | analysis of heuristics in business recruitment based on a portfolio of real derivatives |
| topic | demanda laboral contrato laboral derivados reales modelo de simulación |
| url | http://editorial.ucatolica.edu.co/ojsucatolica/revistas_ucatolica/index.php/RFYPE/article/view/28 |
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