This paper shows that goods-market frictions drastically change the dynamics of the labor market, bridging the gap with the data both in terms of persistence and volatility. In a DSGE model with three imperfect markets - goods, labor and credit - we find that credit- and goods-market...

The renewal of interest in macroeconomic theories of search frictions in the goods market requires a deeper understanding of the cyclical properties of the intensive margins in this market. We review the theoretical mechanisms that promote either procyclical or countercyclical movements in time...

This paper shows that goods-market frictions drastically change the dynamics of the labor market, bridging the gap with the data both in terms of persistence and volatility. In a DSGE model with three imperfect markets - goods, labor and credit - we find that credit- and goods-market...

The renewal of interest in macroeconomic theories of search frictions in the goods market requires a deeper understanding of the cyclical properties of the intensive margins in this market. We review the theoretical mechanisms that promote either procyclical or countercyclical movements in time...

While there is consensus on the need to raise the time spent in the market by European women, it is not clear how these goals should be achieved. Tax wedges, assistance in the job search process, and part-time jobs are policy instruments that are widely debated in policy circles. The paper...

We show a fundamental property of human capital investments : they are not independent of the aggregate state of labor markets. In particular, frictions and slackness of the labor market raise the returns to specific human capital investments relative to general investments. This is a property...

Ce rapport montre que, sur les dernières décennies, la flexibilité de l’emploi en France a augmenté de façon importante, avec une accélération récente. Dans le même temps, la sécurisation des parcours des salariés n’a pas progressé car la formation professionnelle reste...

Les prix de l’immobilier ont fortement progressé en France, entre 1998 et 2007, puis entre 2009 et 2012. La première phase d’augmentation est en partie liée à des facteurs communs à la zone euro (assouplissement des conditions de financement), en partie aussi à des facteurs...

Although the single employment contract is not popular among both representatives of workers and company leaders, the proposal for a single labor contract, created with the goal of reducing dualism, has paradoxically remained at the forefront of debates on the need for reform of the labor...

This special issue of Louvain Economic Review is devoted to the ‘New Economy’.Indeed, a few months after the rapid decline in the stock market for new technologies in most places in the world, it was time to try to draw a balanced synthesis of the economic implications of the so-called New...