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What are the consequences of green industrialization on the labour market and industry dynamics? This paper tackles and … potentially green industries outperform the others in terms of employment, average wages, value added and productivity, net of … controlling for other drivers of the labour market and industry dynamics. Second, employing a shiftshare instrument to purge the …
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propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model …
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This survey reviews the recent literature on the double-dividend hypothesis of environmental taxes and discusses some extensions of the standard model such as the distributional consequences and the importance of the non-separability assumption between consumption goods and environmental quality...
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This paper is a quantitative, equilibrium study of the insurance role of severance pay when workers face displacement risk and markets are incomplete. A key feature of our model is that, in line with an established empirical literature, job displacement entails a persistent fall in earnings upon...
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