This paper examines the characteristics of labor force participation among Arab women in Israel. The participation rates of Israeli Arab women are low relative to those of Israeli Jewish women and to women in Western countries. In a series of empirical tests, making use of intra-temporal and...

This study examines the patterns of labor force participation among Israeli Arabs through the analysis of the relevant data and the estimation of participation equations. There are two main findings: an atypical pattern of participation over the life cycle among Arab men, i.e., a sharp drop in...

Is the value of workers in a company reflected in its share price? Traditional approaches suggest not. This article proposes an alternative: the workforce of the company can be seen as a collection of matches between workers and jobs. The company decides on forming matches, as well as on...

This paper studies the public finance implications of controls on international financial capital flows, proposing a model of controls as distortionary taxation. The model formalizes a capital controls rule that conforms real-world stylized facts and is sustainable in the long-run. Capital...

This paper explores the determinants of equilibrium unemployment within the search and matching framework. Using structural estimation and simulation we demonstrate the usefulness of this model in accounting for the recent experience, shared by many OECD economies, of high and persistent...

Hiring is a costly activity reflecting firms' investment in their workers. Microdata show that hiring costs involve production disruption. Thus, cyclical fluctuations in the value of output, induced by price frictions, have consequences for the optimal allocation of hiring activities. We outline...