properties of employment and unemployment equilibrium. Second, it applies the model to the study of employment fluctuations and … unemployed workers from inactivity to production (the ‘job creation’ flow) and one for the flow of workers from employment to … flows are equal. The model is shown to explain well the employment fluctuations observed in the US economy, within the …

case of employer initiated job separations. According to the extensive literature on Employment Protection Legislation such …

case of employer initiated job separations. According to the extensive literature on Employment Protection Legislation such …

employment stability makes their human capital investment more profitable and increases labor productivity and morale, firms …

significantly lower reductions in future employment probabilities. These findings suggest that compositional differences cause …

This paper shows that the effects of employment protection critically depend on its enforcement. For this purpose, we … capture evasion of employment protection via market exit in a setting of monopolistic competition. We find that the number of … firms entering the market depends on firing costs only in the case of imperfect enforcement of employment protection …