In the United States, the employment rate is nearly flat across wealth quintiles with the exception of the first … quintile. Correlations between wealth and employment are close to zero or moderately positive. However, incomplete markets … employment. Using a fairly standard incomplete markets model calibrated to match the distribution of wealth, I find that …

employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in …

with results from the research on the German employment performance in the Great Recession which attributed part of the … employment success to the widespread use of instruments of internal flexibility. Our results confirm that generally, the …

. Adjusting for selection, I then investigate the employment effects of STW in the pandemic and find 3-4% higher employment levels …

Cross-country employment differences are concentrated among women, the youth, and older individuals. In this paper, we … document how worker flows between employment, unemployment, and out of the labor force vary by gender and age and contribute to … aggregate employment differences across a large panel of European countries. We then build a life-cycle Diamond …