Little attention has been given to the link between variation in a firm's circumstances and the resolution of agency problems that pervade the relationship between a firm and its employees. We construct stochastic versions of standard efficiency-wage and performance-bonding models and find that...

An investigation of the 1990-91 recession's impact on blue- versus white-collar workers, showing that although blue-collar workers bore the brunt of the downturn, white-collar employment growth was unusually slow by historical standards.

This paper examines low-frequency movements in employment in a cross-section of industrialized countries for the period 1960–95, using both aggregate and disaggregated data. It documents nine stylized facts about cross-country variations in employment.

An examination of trends in employment and earnings in Ohio and the rest of the country between 1973 and 1984, looking especially at the roles of unionization and the exchange value of the dollar.

During the first half of the 20th century, people and jobs in the United States moved from rural to urban areas. After World War II, the U.S. saw other important shifts, including deconcentration - the movement of people and jobs from large, dense MSAs to small, less dense ones. This article...

The Beveridge curve depicts the empirical relationship between job vacancies and unemployment, which in turn reflects the underlying efficiency of the job matching process. Previous analyses of the Beveridge curve suggested deterioration in match efficiency during the 1970s and early 1980s,...