As technological advances accelerate and labour demands shift, the ability of workers to reallocate across occupations … will be crucial for shaping labour market dynamics, inequality, and effective policy design. In this paper, we develop a … tractable equilibrium model of the labour market that incorporates heterogeneous labour supply elasticities to different …

in firm's real sales. We disentangle the effect on wage components (base wage and wage cushion) and labour inputs …

Labour turnover is a crucial element of contemporary economic life. It can improve productivity if more productive … workers replace less productive ones. However, in the short run, it generates sizeable labour adjustment costs (LACs … productivity of these different labour types, using stayers as a benchmark. We posit that evidence of significant productivity …