Employment flows, capital mobility, and policy analysis

Marcelo Veracierto

No WP-00-5, Working Paper Series from Federal Reserve Bank of Chicago

Abstract: This paper extends Hopenhayn and Rogerson's analysis of firing taxes by introducing a flexible form of capital and considering transitionary dynamics. The paper finds that capital is not important for understanding the long run and welfare effects of firing taxes. However, capital is crucial for determining the short run consequences of eliminating this type of policy.

Keywords: Employment (Economic theory); Labor mobility; Labor market; Capital movements (search for similar items in EconPapers)
Date: 2000
New Economics Papers: this item is included in nep-dge and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.chicagofed.org/digital_assets/publicati ... s/2000/wp2000_05.pdf (application/pdf)

Related works:
Journal Article: Employment Flows, Capital Mobility, and Policy Analysis (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhwp:wp-00-5

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Paper Series from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Lauren Wiese ().