Hires, quits, and layoffs exhibit strong, highly nonlinear relationships to employer growth rates in the cross section. Simple statistical models of these relationships greatly improve our ability to account for fluctuations in aggregate worker flows and enable us to construct synthetic measures of hires, separations, quits, and layoffs back to 1990.

Just when it looked like the job market was going to rebound, recent unemployment numbers revealed a disappointing reality.

Nationwide, as governors and legislators seek to rein in labor costs, public-employee unions are protesting that their members are actually underpaid. But a growing body of evidence strongly suggests that their protests have no basis in fact.

Breaking windows will stimulate the economy, according to a leading public pension advocacy group. Skeptical? The National Institute on Retirement Security (NIRS) has not literally endorsed breaking windows, but a report recently published by the organization relies on the same economic fallacy.According to NIRS-whose membership consists principally of...

A growing body of work--both theoretical and empirical--has emphasized thatunionization may be better understood as a tax on capital rather than a tax on labor. Underthis "new" view, unionization unambiguously lowers investment. Using data on unioncertification elections, we estimate the impact of unionization on firms' investment behavior.

Who really pays for costs of employee health benefits that rise faster than labor productivity?

India’s education policies should encourage private initiative and focus on learning outcomes

I learned to appreciate the American free enterprise system by quitting a job in Spain.At age 19, I dropped out of school to pursue a career as a French horn player. After a few twists and turns, I wound up in the Barcelona Symphony, which was a Spanish...