employment dynamics are characterized by two dimensional inaction sets. Finally, to understand the effect of these contracts, we …

This paper studies the employment and productivity implications of new labor regulations in China. These new policies … were intended to protect workers' employment conditions by, among other things, increasing firing costs and increasing … employment, increase labor reallocation and increase wages. The estimated elasticity of labor demand implies that an increase in …

This paper studies the employment and productivity implications of new labor regulations in China. These new … restrictions are intended to protect workers' employment conditions by, among other things, increasing firing costs and increasing … employment, slightly increase labor reallocation and reduce exit. The estimated elasticity of labor demand is about unity so that …

This paper provides three perspectives on long-run growth rates of labor productivity (LP) and of multi …-factor productivity (MFP) for the U. S. economy. It extracts statistical growth trends for labor productivity from quarterly data for the … in early 1962 down to 1.25 percent in late 1979 and recovered to 2.45 percent in 2002. Our results on productivity trends …

, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital. …

movements in employment and output. As a result, persistent shocks to technology or factor prices generate business cycle …

mean-preserving spread in the productivity of investment raises aggregate investment, productivity, and output. Increases …-term expansion in the growth rate of labor productivity. …

This paper studies the productivity implications of the cyclical reallocation of capital. Frictions in the reallocation … reallocation and thus in productivity. These frictions also impact the capital accumulation decision. The effects are … plant-level productivity. Instead of relying on approximative solution techniques we show analytically that a higher …