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We study the effects of labor market rigidities and frictions on firm-size distributions and dynamics. We introduce a model of endogenous entrepreneurship, labor market frictions, and firm-size dynamics with many types of rigidities, such as hiring and firing costs, search frictions with vacancy...
Persistent link: https://www.econbiz.de/10010283302
We study the effects of labor market rigidities and frictions on firm-size distributions and dynamics. We introduce a model of endogenous entrepreneurship, labor market frictions, and firm-size dynamics with many types of rigidities, such as hiring and firing costs, search frictions with vacancy...
Persistent link: https://www.econbiz.de/10005420526
This paper develops and estimates a general equilibrium rational expectations model with search and multiple equilibria where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate increases for a potentially indefinite period. This...
Persistent link: https://www.econbiz.de/10010790439
The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the...
Persistent link: https://www.econbiz.de/10010800970
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Persistent link: https://www.econbiz.de/10001401346
development tool for many local governments. Often local job creation policies focus on increasing capital through grants, low …-interest financing, and other economic development incentives. Theory predicts that capital subsidies induce firm behaviors that limit …-year county panels to test theoretical predictions on county capital expenditure and input mixes as well as industry establishment …
Persistent link: https://www.econbiz.de/10013014129
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