construct a novel dataset that links worker employment histories to firm financials and banking relationships in Germany. Firms … relative contraction in credit supply, associated with lower average wages and employment. These effects are heterogeneous … within and between firms. Within firms, initially lower-paid workers are more likely to leave employment, while initially …

wage of French women, but led to a sizable decline in their employment rate. In contrast, immigration had little impact on … the employment rate of men, but led to a sizable drop in the male wage. We show that the near-zero correlation between …

A particular challenge for the macroeconomic models is their inability to match the joint dynamics of employment, wage … which ampli.es the responses of employment and output to exogenous shocks. Our model, consistent with the implications of …: First, we get considerable improvements for the employment, wage and output volatilities in response to technology and …

with results from the research on the German employment performance in the Great Recession which attributed part of the … employment success to the widespread use of instruments of internal flexibility. Our results confirm that generally, the …