procyclical unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which does indeed … generate countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin. …

I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United … that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological …

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor … structure in Europe in the 1980s. These different trends are the result of different investment decisions by firms for the jobs …

model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in … value. We use aggregate U.S. corporate sector data to estimate firms' optimal hiring and investment decisions and the … quantifying the link between firms' value and gross hiring flows, employment, gross investment flows, and physical capital. We …

Introducing equilibrium unemployment to the solution of the intertemporal allocation of non-leisure time, we derive two …

the ease with which individuals can move between employment, unemployment and inactivity over time. The results suggest … countries. Nonetheless, transitions from unemployment and inactivity back into the labour market are relatively weak in the euro … remaining in unemployment over two consecutive periods decreased in Sweden, the euro area, and,to a lesser extent, Denmark …

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …