Based on a large employer-employee matched data set, the paper investigates the effects of variable enforcement of German dismissal protection legislation on the employment dynamics in small establishments. Specifically, using a difference-in-differences approach, we study the effect of changes...

Im Beitrag wird die Grundgesamtheit der in der Beschäftigten-Historik des IAB erfassten Betriebe zur Analyse der Beschäftigungsdynamik in Betrieben unterschiedlicher Größe verwendet. Damit werden erstmals alle Sektoren der Wirtschaft in einer derartigen Analyse abgedeckt. Die Ergebnisse...

We consider Roy's economies with perfectly competitive labor markets and asymmetric information. Firms choose their investments in physical capital before observing the characteristics of the labor markets they will face. We provide conditions under which equilibrium allocations are constrained...

We consider a random matching model where heterogeneous agents choose optimally to invest time and real resources in education. Generically, there is a steady state equilibrium, where some agents, but not all of them, invest. Regular steady state equilibria are constrained inefficient in a...