This article analyzes the effects of different types of transitory shocks on employment, and in particular their persistence. The basic model is of the standard monopolistic competition type, and the wage is determined through collective bargaining between firms and insiders. It appears that the...

We present a multisectoral model of qualitative endogenous growth with imperfect matching on the labor market. Under these conditions, growth induces unemployment through the Schumpeterian process of creative destruction. We study the long-run link between growth and unemployment. We show that...

A policy restricting working hours may be justified if agents care about their social status, as the race for status induces them to work too much. We show that this intuition is questionable if the commitment capacity of the government is limited: status seeking does press people to supply...

The analysis of 85 years of food purchases at the rich, market-oriented Saint-Cyr convent School in the 18th century probes the determinants of consumption, its short-term variations and long-term shifts. Using time-series econometrics, we show that there is no equilibrium relationship between...

In this paper, we estimate a structural model of femal participation to the labour market when there exists participation costs which vary with labour supply, and when total household's labour income are taxed. Extending previous attempts (Cogan [1981], Bourguignon, Magnac [1990]), we base the...

In this paper we extend the equilibrium search models of Burdett and Mortensen [1998], Burdett and Vishwanath [1988] and Mortensen and Vishwanath [1994] to allow for endogenous matching and endogenous capital determination. In our model, in order to attract a positive measure of workers, firms...