We show that greater technological progress is associated with a lower (higher) probability of worker investment in firm-specific human capital if the technology is of creative destruction (renovation) type. The impact of human capital investments on labor market outcomes depends on the type of...

Portuguese firms engage in intense reallocation, most employers simultaneously hire and separate from workers, resulting in high excess worker turnover flows. These flows are constrained by the employment protection gap between open-ended and fixed-term contracts. We explore a reform that...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>The fact that unemployed workers have different abilities to smooth consumption entails heterogeneous responses to extended unemployment benefits. Our empirical exercise explores a quasi-experimental setting generated by an increase in the benefits entitlement...</p>