associated with it. In particular, we distinguish between employment, hours and effort per worker, and allow for adjustment costs … associated with employment changes. We assume that the requirement function for effective hours has a general trans …-logarithmic form, and derive an estimable system of Euler equations for inventories and employment with implied cross …

associated with it. In particular, we distinguish between employment, hours and effort per worker, and allow for adjustment costs … associated with employment changes. We assume that the requirement function for effective hours has a general trans …-logarithmic form, and derive an estimable system of Euler equations for inventories and employment with implied cross …

costs influence insider wages and outsiders' opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market …

employment effects of routine-replacing technological change (RRTC), along with the underlying mechanisms. We show that while … new jobs through increased product demand, outweighing displacement effects and resulting in net employment growth …

employment effects of routine-replacing technological change (RRTC), along with the underlying mechanisms. We show that while … new jobs through increased product demand, outweighing displacement effects and resulting in net employment growth …