Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast is the presence of adjustment costs, some of them technological, others institutional. Chief...

The study of labor market segmentation and the estimation of the deadweight loss due to policy distortions reflected in wage structures require analyses of labor force surveys. These data are increasingly available in most countries. But evaluations of labor market reforms are uncommon. The lack...