introduction of labor turnover costs (such as hiring and firing costs). Assuming that it is costly to hire and fire workers implies … and firing costs …

amenities. The model assumes that the costs of relocating to a new city are zero. The results hold in the presence of moving … costs for the marginal migrant. This paper extends the Roback model to allow for moving costs which vary among a city …

are more talented than European and American players, there is evidence that they face lower training costs …

We study the design of optimal monetary policy in a New Keynesian model with labor turnover costs in which wages are … zero and the optimal volatility of inflation is an increasing function of firing costs. The optimal rule should react to … employment alongside inflation. -- Optimal monetary policy ; hiring and firing costs ; labor market frictions ; policy trade-off …

We develop a standard search-matching model in which mobility costs are so high that it is too costly for workers to … and commuting costs because firms need to compensate the transportation cost difference between the employed and …

Implementing performance pay requires that workers' output be measured. When measurement costs differ among firms …