effect on total hours worked, there is some evidence that they reduced the hours of both low-skilled and middle …

quantifying the link between firms' value and gross hiring flows, employment, gross investment flows, and physical capital. We …. Hiring and investment flows, unlike employment and capital stocks, are volatile and both are essential to account for market …

This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment … risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment … contracts offer severance compensation to smooth consumption during employment without causing moral hazard. A preannounced …

, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …