• Article  

      Scale effects in markets with search 

      Petrongolo, Barbara; Pissarides, Christopher A. (2006)
      Estimates of aggregate matching functions may miss important scale effects in frictional labour markets because of the reactions of job seekers to scale. We estimate a semi-structural model of search and matching on a ...
    • Article  

      Why Do Firms Offer 'Employment Protection'? 

      Pissarides, Christopher A. (2010)
      This paper derives optimal employment contracts when workers are risk-averse and there are employment and unemployment risks. Without income insurance, consumption rises during employment and falls during unemployment. ...