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Title: Job Upgrading, Job Creation and Job Destruction

Author(s): Antonio Menezes

Publication Date: October 2002

Keyword(s): job flows, job upgrading and matching

Programme Area(s): Labour Economics

Abstract: This Paper proposes and develops a dynamic matching model à la Mortensen and Pissarides (1994, 1999a, 1999b) where firms respond to idiosyncratic and aggregate shocks by upgrading, creating, and destroying jobs. By allowing firms to invest in the productivity of existing jobs, the Paper sheds light on: i) the impact of labour market policy on the economy?s rates of job upgrading, job creation and job destruction; ii) the impact of labour market policy on the response of the job upgrading rate to aggregate shocks and on the cyclicality of the job upgrading rate; and iii) the impact of training policy on labour market equilibrium outcomes.

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Bibliographic Reference

Menezes, A. 2002. 'Job Upgrading, Job Creation and Job Destruction'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3616