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 …

macroeconomic volatilities. In our subsequent empirical estimations, we find that higher labor turnover costs have a statistically … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect … and inflation volatility ; labor turnover costs ; unemployment benefits ; unemployment ; eurozone …

The paper provides a framework for the conceptualization, definition and estimation of legacy costs that need to be … NDC reform in China. -- legacy costs ; pension reform ; NDC ; coverage expansion …

paper, we show that frictions in the labour market leading to monitoring costs tend to reduce the growth of the firm via two … to both frictions in the credit and labour markets. -- entrepreneurship ; monitoring costs ; credit constraint …

Theory predicts that the wage effects of government-mandated severance payments depend on workers' and firms' relative … quasi-experimental setting, exploiting a reform that introduced unjust-dismissal costs in Italy for firms below 15 employees … and left firing costs unchanged for bigger firms. Accounting for the endogeneity of the treatment status, we find that …