This paper originally incorporates life-cycle features into the job creation - job destruction framework. Once a finite horizon is introduced, this workhorse labor market model naturally delivers the empirically uncontroversial prediction that the employment rate of workers decreases with age...

This paper investigates a learning model in which information about a worker's ability, unobserved to both the worker and the firm, can be acquired in any period by both parties by observing the worker's performance at a given task. Tasks are differentially informative about productivity: more...

We argue that the main difference between European and American labor markets is not so much in the unemployment rates, but maybe more importantly in the reduced flows into and out of unemployment, in Europe. Employment protection legislations (EPL) have been extensively studied in the...

We present a model in which the gender gap in wages displays non-monotonic dynamics of the type observed in the US during the twentieth century. We show that the dynamics of the gender gap depend on the number of women that work at home in the early stage of their life and join the labor force...

In this paper we assess the role of reallocation of resources -- through shifts in market shares among incumbents as well as through firm entry and exit – to productivity. We are motivated by the evidence in all countries studied of heterogeneity of firms and substantial mobility of...

Recent growth papers have utilized the Ben-Porath 1967 mechanism according to which prolonging the period in which individuals may receive returns on their investment spurs investment in human capital and cause growth. Implicitly, one implication of these models is that total labor input over...

This paper presents a theory where increases in female labor force participation and reductions in the gender wage-gap are generated as part of the same process of demographic transition that leads to reductions in fertility. There have been significant increases in the labor supply of women in...

Female labour force participation and labour supply, in the US, as in many other developed countries, has changed dramatically over the last 30 years. If one compares cohorts of women born in the 1930s (such as Elizabeth Dole), 1940s (Hillary Clinton) and 1950s (Oprah Winfrey), two main features...