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Job creation and job destruction in the theory of unemployment
(1994)
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. We ...
Technological Progress
(1995)
Technological progress, job creation, and job destruction
(1998)
New technology embodied in capital equipment can be adopted either through destruction of existing jobs and the creation of new ones or by renovation, updating the job's equipment. Under the assumption that the destruction ...
Unemployment responses to 'skill-biased' technology shocks: The role of labour market policy
(1999)
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 States in the 1980s and 1990s? The ...
Chapter 18 Job reallocation, employment fluctuations and unemployment
(1999)
The purpose of this chapter 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 ...
The Cyclical Behavior of Job Creation and Job Destruction
(North-Holland, 1993)