employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …

recession, and cash-intensive firms displayed higher employment growth. A tightening of firms' credit conditions generates the …

employment determination. Champernowne agreed with Keynes that workers can only bargain for a money-wage, but argued that, to the …

In the United States, the employment rate is nearly flat across wealth quintiles with the exception of the first … quintile. Correlations between wealth and employment are close to zero or moderately positive. However, incomplete markets … employment. Using a fairly standard incomplete markets model calibrated to match the distribution of wealth, I find that …

Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …