Using an international survey that directly assesses the cognitive skills of the adult population, I study the relation between skills and unemployment flows across 37 countries. Depending on the specifically assessed domain, I document that skills have an unconditional correlation with the...

This paper proves that the Mortensen-Pissarides matching theory is nothing but a tautology. They started with an assumption and ended with the same as solution. Their assumption/solution is also at odds with the Beveridge, or the negative vacancy-unemployment relation

This chapter for the Encyclopedia of Labor and Employment Law and Economics, discusses government regulation of the labor market in the 21st Century, with a particular emphasis on the need to maintain competitiveness in an era of globalization. The chapter first considers the 'race to the...

Using an international survey that directly assesses the cognitive skills of the adult population, I study the relation between skills and unemployment flows across 37 countries. Depending on the specifically assessed domain, I document that skills have an unconditional correlation with the...

Making use of an international survey that directly assesses the participants' cognitive skills, I study the effect of skills on employment in 32 countries. On average, a one-standard-deviation increase in numeracy skills is associated with an 8.4 percentage-point increase in the probability of...

This work revisits the role of regulations in emergence of the shadow economy. In particular, it supplements the previous theoretical research that mainly ignored the fact that the decision to 'go underground' is essentially a result of both employers and employees interacting in the labour...

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...

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...

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