unconventional employment consequences of such shocks at a general equilibrium of a multi-sector competitive economy. A labour market … competition. Subsequent reforms however raises aggregate employment. Thus, we may have a J-curve like employment response to … adverse employment effect. Our findings add to the growing body of literature that challenges conventional wisdom about labour …

wages. We estimate a negative connection between establishments' wage cyclicality and their employment cyclicality, thereby …

local prices start rising. With this backdrop this paper explores how rising local prices are likely to affect employment in … employment increase are very much different between the short and the long run. We discuss such mechanisms and results in a …

employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …

Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …