The object of this paper is the analysis of the effects of labour market institutions on the employment dynamics over the cycle. In the first part a theoretical framework is provided with particular emphasis on working time regulations. The conclusions of the model are empirically tested in the...

This paper analyses the contract-posting equilibrium in a general equilibrium matching model of the labour market with on-the-job turnover. Privately optimal contracts have a rising wage-tenure profile, even when productivity is constant. The effect is to reduce equilibrium turnover; when jobs...

This paper constructs a model of a training market affected by both problems, and examines the rationale for training levy schemes, intended to make firms increase investment in vocational training. It is shown that regulating firms, or equivalently financing a subsidy through taxation of...