Job-satisfaction as a component of workers' utility has been strangely neglected, with work usually regarded as reducing utility and the benefits of leisure. This is contradicted by many empirical studies showing that unemployment is a major cause of unhappiness, even when income is controlled...

Despite the idea of a sustainable/equilibrium number of businesses being at the core of economics, very little empirical analysis has looked at how the adjustment process in disequilibrium works. This paper investigates how business establishment/plant entry and exit are affected by...