Business cycle fluctuations and the life cycle: How important is on-the-job skill accumulation?

Business cycle fluctuations and the life cycle: How important is on-the-job skill accumulation?

We study the e¤ects of on-the-job skill accumulation on average hours worked by age and the volatility of hours over the life cycle in a calibrated general equilibrium model. Two forms of skill accumulation are considered: learning by doing and on-the-job training. In our economy with learning by doing, individuals supply more labor early in the life cycle and less as they approach retirement t...

How Should The Entrepreneurs OfSMEs In Iran Change Their Style In a Business Life Cycle

Kambeiz Talebi, the author of the Article discusses the urgent needfor topmanagers to change their style in small entrepreneurial firms during a business life cycle. Although most leadership theories assume that it is an easy task, but the case studies and practical experience suggest the opposite - managers find it hard to move from an innovative style when the company is young to taskoriente...

The Effect of Business Cycle Fluctuations on Import Protection in Selected Developing Countries

In recent decades, theorists proposed the role of domestic components such as interior active groups, policies and macroeconomic indicators on determination of protection policies. In the context of recent studies, this study has investigated the effect of business cycle fluctuations on import protection for selected developing countries in 1995-2011 by using dynamic panel data method. Furtherm...

Business Cycle Features In The Iranian Economy

Efficient Search on the Job and the Business Cycle

We build a directed search model of the labor market in which workers’ transitions between unemployment, employment, and across employers are endogenous. We prove the existence, uniqueness and efficiency of a recursive equilibrium with the property that the distribution of workers across employment states affects neither the agents’ values and strategies nor the market tightness. Because of thi...