Recent empirical work reveals considerable heterogeneity in the use of technologies within industries, suggesting technology adoption depends on factors other than industry type. We present a model in which the factors that lead to heterogenous technology adoption play a key economic role in...

Europe’s labor is not competitiveness taking unemployment as the relevant indicator. The paper looks at other indicators such as job creation, productivity and unit labor costs and skills. It analyzes the reasons for the lack of competitiveness including a low degree of wage differentiation,...

This paper generalizes the standard aggregate worker-flow calculation of Shimer (2007) to account for monthly changes in labor-force participation. The resulting series confirm previous findings with regard to the large procyclicality of the aggregate rate of outflow from unemployment in the...