This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is unusual due to the scarcity of appropriate data....

We study the wage-change distributions in union contractsreached in Canada between 1976-1999. We use non-parametric tests to check for nominal wage rigidity and find that it is present during low inflation periods.

We study the wage-change distribution in union contracts reached in Canada between 1976-1999. We use non-parametric tests to check for nominal wage rigidity and find that it is present during low inflation periods.

We introduce a novel approach to modeling the impact of institutional quality on firm performance. Our methodology enables us to estimate the marginal effect of institutional quality on TFP, factor inputs and output of each firm, which gives us within-country distributions of these effects and...

Does the adoption of technological change depend on labor market institutions? The disparities in technology adoption across countries are enormous and are a major factor in explaining poverty. The returns to introducing new technology differ across countries since they depend not only on...

This paper studies the pattern of job opportunities over the last two decades in European countries. We find that the share of high-skilled jobs have been expanding over time, while the share of medium-skilled jobs have been declining. These changes are in line with the US patterns and,...

This paper contributes to recent research on work organization as a key success factor. On the theoretical side, two alternative analytical explanations are combined to an inte-grated approach, which predicts the existence of a clear cut ranking of organizational systems. In addition, this...

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...