Equilibrium models of labor markets characterized by search and recruiting friction and by
the need to reallocate workers from time to time across alternative productive activities …

This book focuses on the modeling of the transitions in and out of unemployment, given the
stochastic processes that break up jobs and lead to the formation of new jobs, and on the …

The simultaneous use of strong employment protection and temporary jobs observed in
many European countries seems contradictory since the former aims at limiting job …

Do skill‐biased shocks that increase the spread of labour productivities, interacting with
different policy regimes, explain the rise in unemployment in Europe relative to the United …

This article surveys the literature and adds to the evidence on the impact of employment
protection legislation on employment. While stringent employment protection contributes to …

Transitions from unemployment into temporary work are often succeeded by a transition
from temporary into regular work. This paper investigates whether temporary work increases …

This paper develops a model of job creation and job destruction in a growing economy with
embodied technical progress, which I use to analyze the political support for employment …

Human capital investments are not independent of the aggregate state of labor markets:
frictions and slackness of the labor market raise the returns to specific human capital …

General equilibrium analyses of lay‐off costs have had mixed messages on the implications
for employment. This paper brings out the economic forces at work and sheds light on the …

Firing costs have two separate dimensions: a transfer from the firm to the laid‐off worker and
a tax paid outside the firm‐worker pair. To avoid the 'bonding critique'most of the existing …