We use the newly available ARD establishment level data set for UK manufacturing to document job creation and job destruction. With these data we can document job creation and destruction more fully than in previous studies. Due to data limitations, some studies are forced to ignore the contribution of entry and exit of firms to job creation destruction or use data that understate the number of...

This paper characterises optimal unemployment insurance (UI) and optimal tax policy in an equilibrium matching framework where job search effort is unobserved by the Planner. Policy design takes into account congestion externalities (greater job search effort by an individual worker reduces the re-employment rate of other competing job seekers) and thick market externalities (greater job creati...

International trade exposure affects job creation and destruction along the intensive margin (job flows due to expansions and contractions of firms’ employment) as well as along the extensive margin (job flows due to births and deaths of firms). This paper uses 1992-2010 yearly employment data from the universe of U.S. establishments to construct job flows at both the industry and commuting-zon...

This paper uses new data on job creation and job destruction to find evidence of a link between the jobless recoveries of the last two recessions and the recent decline in aggregate volatility known as the Great Moderation. I find that the last two recessions are characterized by jobless recoveries that came about through contrasting margins of employment adjustment—a relatively slow decline in...