This paper provides new evidence on the nature of occupational differences in unemployment dynamics, which is relevant for the debate between the structural or hysteresis hypotheses. We develop a procedure that permits us to test for the presence of a structural break at unknown date[...]

This paper proposes an equilibrium theory of the organization of work in an economy with animplicit market for productive time. In this economy, agents have limited productive time andcan choose to produce in autarky, buy productive time from helpers to increase ownproduction or, sell their...