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 least one employee, indivisibility becomes an important source of … explains around 50% of the stickiness of employment, adjustment costs explain the other 50%. …

sector employment and wages on the labour market, particularly on private sector wages. Our empirical evidence shows that the … growth of public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover …

develop a suite of models to provide a more timely estimate (nowcast) of euro area quarterly employment growth based on a … timely assessment of employment developments with unemployment rates and sentiment indicators containing most of the relevant …

Based on the households' utility maximisation, a closed form approximation of the consumption function is derived and … the deep parameters of the consumption function are estimated using aggregate euro area data. The novel element in our … lot of information on future income changes, but that also lagged consumption, through habit formation, plays an important …

stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model … is affected by the gap between `target' and actual wealth, with the target wealth determined by credit conditions and … saving rate's long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …