wages in new matches. I summarize microeconometric evidence on wages in new matches and show that the key model elasticities … cyclical volatility of wages. I discuss some extensions of the model that can increase cyclical unemployment volatility through …

technology is embodied in new jobs. We estimate a model for employment, wages and investment with an annual panel for the United …Theoretical predictions of the effect of TFP growth on employment are ambiguous, and depend on the extent to which new … States, Japan and Europe and find that TFP growth increases employment. For the United States TFP growth explains the trend …

I study the role of company start-up costs for employment performance. The model is search equilibrium with a new … jointly determined. Higher start-up costs reduce overall employment but increase the size of incumbent firms. I discuss some …

We examine the implications of tax and subsidy policies for employment in the “three worlds of welfare”, Anglo …-Saxon, Continental European and Scandinavian. We argue that home production is key to a proper evaluation of the employment outcomes …. Anglo-Saxon lowsupport policies encourage more overall market employment. Continental transfer policies encourage more home …