In this paper, we attempt to renew the interest in marginal employment subsidies. Such subsidies are paid only for a … firm's additional employment exceeding some reference level and create larger employment stimuli at lower fiscal costs than … marginal subsidization), the replacement of regular paid workers by outsourcing employment to newly established firms - a …

explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate … of employment growth to TFP shocks estimated from Census data induce significant skewness, movements in volatility and …

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … employment, and the effects are primarily felt by the relatively smaller businesses; the impact on large businesses are generally … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …