We explore the far-reaching implications of low-wage subsidies on skill formation, aggregate employment and welfare …. Low-wage subsidies have three important effects. First, they promote employment of low-skilled workers (who tend to be the … reduce the incentive to become skilled. So they increase the low-skilled labor force which faces a relatively low employment …

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired … firing in recessions, while leaving hiring in booms unchanged. Thereby insider power reduces average employment. …

This paper examines the interactions between employment and training policies. Their effectiveness in stimulating … income and employment may be interdependent for various important reasons. For example, the more employment policies … stimulate the employment rate, the greater the length of time over which workers use the human capital generated by training …

finds affirmative evidence for the U.S. labour market. We replicate his analysis using German employment register data …

stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment …

In this paper, I estimate a series of long run reallocative shocks to sectoral employment using a stochastic volatility … model of sectoral employment growth for the United States from 1960 through 2011. Reallocative shocks (which primarily …

on the positive and negative effect of intra-firm exports and imports respectively, on aggregate employment. The former …