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Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …
Persistent link: https://www.econbiz.de/10011446155
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We …, tighter credit leads to lower output, lower number of vacancies, and higher directed-search unemployment. Where workers are …
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We study optimal unemployment insurance (UI) over the business cycle using a heterogeneous agent job search model with …
Persistent link: https://www.econbiz.de/10012137069
worker-job complementarity, we estimate how interpersonal, cognitive and manual skills map into job offers, unemployment and …
Persistent link: https://www.econbiz.de/10012022569
The paper studies human capital accumulation over workers' careers in an on the job search setting with heterogenous firms. In renegotiation proof employment con- tracts, more productive firms provide more training. Both general and specific training induce higher wages within jobs, and with...
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