Results

CEP discussion paper

Taxes, Subsidies and Equilibrium Labor Market Outcomes

We explore the effects of taxes and subsidies on job creation, job destruction, employment, and wages in the Mortensen-Pissarides version of the search and matching equilibrium framework. Qualitative analytical results s...Read more...

CEP discussion paper

Job Reallocation, Employment Fluctuations and Unemployment

The purpose of this paper is twofold. First, it reviews the model of search and matching equilibrium and derives the properties of employment and unemployment equilibrium. Second, it applies the model to the study of emp...Read more...

CEP discussion paper

Technological Progress

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Journal article

The Review of Economic Studies:

Job creation and job destruction in the theory of unemployment

In this paper we model a job-specific shock process in the matching model of unemployment with non-cooperative wage behaviour. We obtain endogenous job creation and job destruction processes and study their properties. W...Read more...

CEP discussion paper

Job Creation and Job Destruction in the Theory of Unemployment

In this paper we model a job-specific shock process in the matching model of unemployment with non-cooperative wage behaviour. We obtain endogenous job creation and job destruction processes and study their properties. W...Read more...