This paper studies how well a search and matching model can describe aggregate Japanese labor market dynamics in a full information setting. We develop a discrete-time search and matching model with productivity and separation shocks and use it as a data-generating process for our empirical...

The frontispiece to Jared Diamond’s book Collapse has a quote from Shelley’s famous poem Ozymandias. The poem evokes the faded glory of New Kingdom Egypt’s great empire, the first extensive empire in world history, and the royal monuments built by its greatest warrior king Ramses II. Oddly...

News of Global crisis is not new. The business world over is facing the heat and India is no more the exception. However India shows more optimistic picture and that’s why many are considering it as slowdown and not recession. Which ever is the case, the recent sales figures in India have...

Job-to-job flows represent one of the most significant opportunities for the development of new economic statistics, having been made possible by the increased availability of matched employer-employee datasets for statistical tabulation. In this paper, we analyze a new database of job-to-job...

Global Recession to Global Recovery: It is well known fact that all good things, as also bad things, come to an end and business cycles pass through good and bad economic times. Economically 2010 was a year of transition from economic recession to recovery. Economies were improving in some...

This paper studies the impact of growth fluctuation on human development indicators using country level panel data between 1980 and 2006. The evidence from mean comparison and regression analysis suggests that, globally and on average, periods of decelerating economic growth are correlated with...