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This paper presents a short overview of dynamic models of labor markets with transaction costs. It shows that these models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage formation. It argues that this renewal provides a very...
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some interesting differences in the adjustment of labour demand during the great depression of the early 1990s. For example …
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This paper analyzes the creation, destruction and reallocation of jobs to better understand the micro-dynamics of aggregate employment change in African manufacturing. The nature and magnitude of gross job flows are examined using a unique panel data of Ethiopian manufacturing establishments...
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an increase in trade liberalisation. The Enlargement is thought to generate a trade-induced demand shock with no (or only … a Melitz (2003) type productivity term to differentiate firms by the extent of exposure to the demand shock. The idea is … that the effects of the demand shock should be driven by differences in firm-level productivity from the period before the …
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