This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium … induces sizable declines in output and employment together with rising cross-sectional dispersion of price and output growth …

can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the … impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and …

effects of uncertainty shocks on employment adjustments in large and small establishments employing four structural vector … uncertainty shocks on employment, worker flows, job flows as well as worker churn, both for establishments with less than 100 and … with at least 100 employees. The results suggest that uncertainty shocks induce considerable employment fluctuations in …