that: - Shocks to the user cost of capital lower job creation, net employment growth and productivity and raise destruction …. Increases in non-wage labor costs lead to bigger job destruction and reallocation and to smaller net employment and productivity …. Lower sectoral tariffs raise job destruction, reallocation and productivity and reduce net employment growth. - Industries …

employment. We present an overlapping generations model with production in which a labor market friction (moral hazard) coexists … is studied. Our main results are: (i) while credit market frictions affect real activity and employment both in the short …

. First, efficiency wage models are often criticised because the employment contracts are not optimal. In the existing …

interaction between inflation and labor market regulations affects how employment responds to changes in output. The results show …

drop in output growth has not been a decline in TFP, but a severe fall in employment. Using a calibrated dynamic general … relative input prices, we conclude that a 6.17% increase in the cost of labor hiring replicates the observed fall in employment …

affects the present value of future job-matches and thus reduces posted vacancies, employment and output. Thus we obtain an …