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Turbulence, Firm Decentralization and Growth in Bad Times
Aghion, Philippe; Bloom, Nicholas; Lucking, Brian; … - 2017
hardest hit by the subsequent crisis. We present a model where higher turbulence benefits decentralized firms because the … value of local information and urgent action increases. Since turbulence rises in severe downturns, decentralized firms do …
Persistent link: https://www.econbiz.de/10011653434
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Sectoral transformation, turbulence, and labor market dynamics in Germany
Bachmann, Ronald; Burda, Michael C. - 2008
transition data on individual workers, we document a marked increase in structural change and turbulence, in particular since …
Persistent link: https://www.econbiz.de/10010268672
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Earnings losses and labor mobility over the lifecycle
Jung, Philip; Kuhn, Nikolas Moritz - 2012
Extensive literature demonstrates that workers with high tenure suffer large and persistent earnings losses when they are displaced. We study the reasons behind these losses in a tractable search model that includes a lifecycle dimension, endogenous job mobility, and worker- and...
Persistent link: https://www.econbiz.de/10010290018
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Turbulence and the Employment Experience of Older Workers
Lalé, Etienne - 2016
-market frictions and an operative labor supply margin, wherein economic turbulence à la Ljungqvist and Sargent (1998) interact with …
Persistent link: https://www.econbiz.de/10011524992
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Sectoral Transformation, Turbulence, and Labor Market Dynamics in Germany
Bachmann, Ronald; Burda, Michael C. - Institute for the Study of Labor (IZA) - 2008
transition data on individual workers, we document a marked increase in structural change and turbulence, in particular since …
Persistent link: https://www.econbiz.de/10005761868
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Earnings Losses and Labor Mobility over the Lifecycle
Jung, Philip; Kuhn, Moritz - Institute for the Study of Labor (IZA) - 2012
Extensive literature demonstrates that workers with high tenure suffer large and persistent earnings losses when they are displaced. We study the reasons behind these losses in a tractable search model that includes a lifecycle dimension, endogenous job mobility, and worker- and...
Persistent link: https://www.econbiz.de/10010571327