A particular challenge for the macroeconomic models is their inability to match the joint dynamics of employment, wage … which ampli.es the responses of employment and output to exogenous shocks. Our model, consistent with the implications of …: First, we get considerable improvements for the employment, wage and output volatilities in response to technology and …

This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly … sharing and the Full flexibility scenarios. She finds that the 2012 reform preserves employment and generates a 1.72% increase … in productivity. In the work sharing scenario, the increase in employment (1.86%) comes at the expense of a lower …

performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …

employment experience of older male workers during the past half-century. We build an equilibrium life-cycle model with labor … institutions in ways that deteriorate employment. The model explains simultaneously: (i) the fall in labor force participation in …, especially in turbulent economic times and under stringent employment protection legislation. …