This paper examines the evolution of the employment rate in Romania. I employ a panel data approach, considering the 42 counties, in order to explore the relationship between labour productivity, average earnings, investments and employment. The results reveal a positive impact of the average...

This paper examines the evolution of some important macroeconomic indicators for the EU analysing the changes caused by the crisis in the last years and tries to find which one of them is affecting the employment rate. We therefore employ a panel data approach, considering the 27 countries. The...

Small firms often do not change their number of employees from year to year. This paper investigates the role of adjustment costs and indivisibility of labor in the employment stickiness of manufacturing firms with less than 75 employees. When small firms have to adjust employment in units of at...