We provide new evidence that large firms or establishments are more sensitive than small ones to business cycle conditions. Larger employers shed proportionally more jobs in recessions and create more of their new jobs late in expansions, both in gross and net terms. The differential growth rate...

The existing literature on inequality between private and public sectors focuses on cross-section differences in earnings levels. A more general way of looking at inequality between sectors is to recognize that forward-looking agents will care about income and job mobility too. We show that...

This paper presents a simple endogenous growth model with human capital accumulation in which competition in the educational system can lead to over-education, with rapid output growth and a simultaneous decline in welfare along a balance growth path in some circumstances. This illustrates the...

This paper models the relationship between income and self-reported well-being using random-effect techniques applied to panel data from twelve European countries. We cannot distinguish empirically between heterogeneities in the utility function (translating income into utility) and the...

There is a unique stationary equilibrium in the price-posting game played by firms. Depending on parameters, this equilibrium can take one of three possible forms. First the equilibrium can be one in which all firms post a high price. Second, all firms could post a low price. Finally, there can...

example captures qualitatively the essence of the three facts.

Job-to-job turnover provides a way for employers to escape statutory firing costs, as unprofitable workers may willfully quit their job on receiving an outside offer, thus sparing their incumbent employer the firing costs. Furthermore, employers can induce their unprofitable workers to accept...

[fre] Progrès technique, emploi et exclusion du marché du travail. . Cet article étudie l'impact de la croissance sur l'emploi, le chômage et l'exclusion du marché du travail dans un cadre où les chômeurs subissent des pertes de capital humain relativement aux travailleurs employés, de...