Economists have long suspected that firm-to-firm relationships might increase price rigidity due to the use of explicit … older versus newly formed relationships. Based on additional stylized facts about a relationship's life cycle and interviews … the average length of relationships in the economy - e.g., in a recession, when the share of young relationships declines …

older relationships, the payment choice is, therefore, only determined by the financing cost advantage of trade credit, and … all relationships rely on trade credit in the long run. The paper thereby suggests a new benefit of long-term trade … relationships: the ability to save on financing costs through the use of trade credit. …

We analyze the impact of the UK national minimum wage (NMW) on the employment of young workers. The previous literature …, we find a significant and negative employment effect for male workers at 21, which we believe to be an anticipation … effect on employment of young workers, with this effect possibly occurring already well in advance of reaching the threshold …

generalized anxiety disorder detract from the employment and labor force participation of males and females; however, we do not … addressing the potential endogeneity of mental illness, we continue to find that mental illness adversely affects employment and … gains in employment for 3.2 million individuals and reduction in workplace cost of absenteeism of $18.9 billion due to …

Western Europe, but by lower employment rates in Eastern and Southern Europe. …

difference-in-differences model that compares employment rates across education type and age. An initial employment advantage of …

by behavioral adjustments yet which are of considerable importance to one’s quality of life: employment, earnings 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 …