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Worker's employment decisions affect the productivity of capital and asset prices in predictable ways. Using a dynamic model, I show that reliance on a workforc

This dissertation explores the intersection between labor and financial markets, in which labor mobility plays a fundamental role. Unlike physical assets such a

Labor mobility is the flexibility of workers to walk away from an industry in response to better opportunities. I develop a model in which labor flows make bad

This volume considers the American manufacturing industry, and develops a statistical portait of the microeconomic adjustments that affect business and workers.

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent e