It is widely recognised that one of the greatest economic problems facing developed countries is unemployment. An example of this recognition is the recent reports by the OECD ("The OECD Jobs Study", 1994) on unemployment, its causes and possible policies. One issue that is closely associated...

The striking geographical concentration of economic activities suggests that there are substantial benefits to agglomeration. However, the nature of those benefits remains unclear. In this paper we take advantage of a new dataset to quantify the role of one of the main contenders - the matching...

The ''fractal'' nature of the rise in earnings dispersion is one of its key features and remains a puzzle. In this paper, we offer a new perspective on the causes of changes in earnings dispersion, focusing on the role of labour reallocation. Once we drop the assumption that all firms pay a...

Output and productivity is affected by the allocation of workers between firms, industries and occupations as well as by total employment. Policy affects the ability of markets to carry out the reallocation of factors, and the aim of facilitating this process may involve reducing restraints on...