Financing Full Employment.

Full Employment

Financing Constraints and Fixed-Term Employment Contracts

The aim of this paper is to identify the effect of financing constraints on the employment decisions of firms. We present a theoretical model that determines the optimal use of fixed term and permanent contracts in the presence of financing constraints. We then estimate the effect of financing constraints on the dynamics of fixed-term employment contracts versus permanent employment contracts f...

Employment Flows with Endogenous Financing Constraints

Empirical studies document that resource reallocation across production units plays an important role in accounting for aggregate productivity growth in the U.S. manufacturing. Distortions in financial market could hinder the reallocation process and hence may adversely affect aggregate productivity growth. This paper studies the quantitative impact of costly external finance on aggregate produ...

Public Service Employment: Full Employment without Inflation by L

The Conservative belief that there is some law of nature which prevents men from being

Full employment does not mean low unemployment