We assess the quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general …-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only … losses. Firing costs equivalent to 5 year's wages imply a drop in TFP of more than 20 percent. Factor misallocation accounts …

. To fill this gap, we build a general equilibrium model with heterogeneous agents and firing costs in the tradition of …

We examine variation in local wage levels, housing costs, and commuting costs for 2071 areas covering the United States …

preference factors in order to separately identify risk preferences, information frictions, and perceived plan hassle costs. The … dimensions that they are typically assumed to understand, perceive high plan hassle costs, and make choices that depend on these …

's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or …

resolved crises if they monitor the worker. If monitoring costs are positive but sufficiently small, for a range of …