We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a … employment is largely offset by large crowd-out effects. However, because new firms are more productive, the reform has the …

idiosyncratic employment shocks against which they cannot insure directly. The labor market has a Diamond …We use the model to evaluate a tax-financed unemployment insurance scheme. Higher insurance is beneficial for … consumption smoothing, but because it raises workers' outside option value, it discourages firm entry. We find that the latter …

This paper studies the employment, productivity and welfare implications of new Chinese labor regulations intended to … protect workers' employment conditions. We estimate a general equilibrium model of costly labor adjustment from data prior to … payments lead to a sizable increase in firm size, lower aggregate employment, a significant reduction in labor reallocation, an …

This paper studies the employment and productivity implications of new labor regulations in China. These new … restrictions are intended to protect workers' employment conditions by, among other things, increasing firing costs and increasing … employment, slightly increase labor reallocation and reduce exit. The estimated elasticity of labor demand is about unity so that …

certainty equivalence fails. In the model, producers can place workers in two types of jobs, organized and temporary. Workers … are less productive in temporary jobs, but creating an organized job requires an irreversible investment of managerial … temporary jobs. Because they are costless to create and destroy, a producer using temporary jobs can be more flexible …

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 …

countries has decreased substantially while the negative effect of a country's own employment growth (or labor force growth) on …