Every working day in the United States, 90,000 jobs disappear--and an equal number are created. This discovery has radically altered the way economists think about how labor markets work. Without this necessary phenomenon of "creative destruction," our economies would experience much lower...

This landmark graduate-level text combines depth and breadth of coverage with recent, cutting-edge work in all the major areas of modern labor economics. Labor Economics is the only textbook available for advanced graduate students in the field, and it will be widely used; because of its command...

This paper studies, in a general equilibrium model with imperfect competition, the economic efficiency of union wage settings arrangements at centralized, industry, and decentralized levels. The wage agreement at industry level is Pareto inefficient and entails the highest unemployment rate. The...

It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model à la...

This paper analyzes optimum income taxation in a model with endogenous job destruction that gives rise to unemployment. It is shown that optimal tax schemes comprise both payroll and layoff taxes when the state provides public unemployment insurance and aims at redistributing income. The optimal...

[eng] What is left of the efficiency wage theory ? . . In this paper, it is shown that turn over or monitoring costs cannot explain, by themselves, involuntary unemployment. Nevertheless, such costs can prevent employers and workers from achieving agreements that would be Pareto improving. [fre]...

We explore the consequences of public employment for labour market performance. Theory suggests that public employment may not only crowd out private employment, but also increase overall unemployment if, by offering attractive working conditions, it draws additional individuals into the labour...

This paper analyzes the consequences of compulsory reductions in working time on employment. The first part of the paper is devoted to the analysis of labor demand when the firm chooses the number of jobs and hours. This framework allows us to show that compulsory reductions in standard hours...

Analyse des effets économiques de la réglementation du temps de travail en France. En particulier des effets de la réglementation des heures supplémentaires et du travail du dimanche. Contient aussi une évaluation des politiques de réduction du temps de travail.

Analyse des principaux obstacles à la création d'emploi, en particulier des barrières à l'entrée et des barrières réglementaires.