We analyze the effect of exposure to international trade on earnings and employment of U.S. workers from 1992 through … manufacturing. Earnings losses are larger for individuals with low initial wages, low initial tenure, and low attachment to the … adjustment costs that are highly unevenly distributed across workers according to their skill levels and conditions of employment …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

the outflow rate, which is consistent with a regime with strict employment protection legislation. In Spain, however, both …

Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and - through input-output linkages and other general …