Blanco, Andrés; Drenik, Andres; Moser, Christian; … - 2023
incidence of inefficient job separations, which we show how to identify using readily available microdata on wage changes and … job separations occur in the form of endogenous quits and layoffs that are unilaterally initiated whenever a worker's wage … productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient …