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Macroeconomic Volatilities and the Labor Market: First Results from the Euro Experiment

Merkl, Christian; Schmitz, Tom - Institute for the Study of Labor (IZA) - 2010

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …

Persistent link: https://www.econbiz.de/10008611512

Business Cycle Asymmetries and the Labor Market

Kohlbrecher, Britta; Merkl, Christian - 2016

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

Persistent link: https://www.econbiz.de/10011479334

They are even larger! More (on) puzzling labor market volatilities

Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009

This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...

Persistent link: https://www.econbiz.de/10010277960

Macroeconomic volatilities and the labor market: First results from the euro experiment

Merkl, Christian; Schmitz, Tom - 2010

Persistent link: https://www.econbiz.de/10010277963

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...

Persistent link: https://www.econbiz.de/10010278021

An Incentive Theory of Matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10004961441

They Are Even Larger! More (on) Puzzling Labor Market Volatilities

Gartner, Hermann; Merkl, Christian; Rothe, Thomas - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10005015481

A Positive Analysis of Targeted Employment Protection Legislation

Dolado, Juan J.; Jansen, Marcel; Jimeno, Juan F. - Institute for the Study of Labor (IZA) - 2007

results point out that EPL reforms achieve the largest reduction in unemployment when they are targeted to workers with lower …

Persistent link: https://www.econbiz.de/10005822296

The Minimum Wage from a Two-Sided Perspective

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2014

This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...

Persistent link: https://www.econbiz.de/10011103270

On-the-Job Search in a Matching Model with Heterogenous Jobs and Workers

Dolado, Juan José; Jansen, Marcel; Jimeno, Juan F. - 2003

This paper considers a matching model with heterogenous jobs (unskilled and skilled) and workers (low and high-educated) which allows for on-the-job search by mismatched workers. The latter are high-educated workers who transitorily accept unskilled jobs and continue to search for skilled jobs....

Persistent link: https://www.econbiz.de/10010273737