with general (i.e. marketable) skills is higher. The principal's information costs are lower when workers have general … skills than in the case where workers possess only firm-specific human capital because of countervailing incentives. The … optimal contract for workers with general skills differs from the standard screening contract in that it involves pooling …

We investigate whether the costs of job displacement differ between blue collar and white collar workers. In the short … run earnings and employment losses are substantial for both groups but stronger for white collar workers. In the long run …, there are only weak effects for blue collar workers but strong and persistent effects for white collars. This is consistent …

We investigate whether the costs of job displacement differ between blue collar and white collar workers. In the short … run earnings and employment losses are substantial for both groups but stronger for white collar workers. In the long run …, there are only weak effects for blue collar workers but strong and persistent effects for white collars. This is consistent …