This paper proposes a theoretical framework to analyze the impacts of credit and technologyshocks on business cycle dynamics, where firms rely on banks and households for capitalfinancing. Firms are identical ex ante but differ ex post due to different realizations of firmspecific technology...

Standard search models are unreliable for structural inference of the underlying sources ofwage inequality because they are inconsistent with observed residual wage dispersion. Weaddress this issue by modeling skill development and duration dependence in unemploymentbenefits in a random on the...

Empirical investigations with enterprise level data from official statistics often use the averagewage as a proxy variable for the qualification of the workforce, mostly due to the lack ofdetailed information on the qualification of the employees. This paper uses unique newlyavailable data for...

In this paper we use a novel approach and a large Portuguese employer-employee paneldata set to study the hypothesis that industrial agglomeration improves the quality of the firmworkermatching process. Our method makes use of recent developments in the estimationand analysis of models with...

We investigate the relationship between exporting, importing, and wage premia using a richmatched employer-employee data set. We improve on the previous literature (i) by using anew methodology to quantify the contribution of an extensive set of worker- and firm-levelobservable and unobservable...

Theory predicts that mandated employment protections may reduce productivity by distortingproduction choices. Firms facing (non-Coasean) worker dismissal costs will curtail hiringbelow efficient levels and retain unproductive workers, both of which should affectproductivity. These theoretical...

This paper investigates the effects of services offshoring on wages using individual level data combined with industry information on offshoring. Our results show that services offshoring affects the real wage of low and medium skilled individuals negatively...

This paper analyzes the long-term effects of graduating in a recession on earnings, job mobility, and employer characteristics for a large sample of Canadian college graduates using matched university-employer-employee data from 1982 to 1999. The results are used to assess the role of job...

This paper provides an introduction and overview of my research on the Economics of Language. The approach is that language skills among immigrants and native-born linguistic minorities are a form of human capital. There are costs and benefits associated with this characteristic embodied in the...

We use HILDA data from 2001 - 2006 to analyse the source of the gender wage gap across public- and private-sector wage distributions in Australia. We are particularly interested in the role of gender segregation within sector-specific occupations in explaining relative wages. We find that,...