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Ochsen, Carsten - 2004

This paper introduces and examines a definition of an equilibrium rate of unemployment that can be used as mismatch indicator, too. In contrast to existing indicators this measurement method is based directly on the Beveridge-Curve. An application of the indicator to nine OECD countries leads to...

Persistent link: https://www.econbiz.de/10011540506

A rising natural rate of unemployment : transitory or permanent?

Daly, Mary C.; Hobijn, Bart; Şahin, Ayşegül; … - 2011

Persistent link: https://www.econbiz.de/10009720719

The Recent Evolution of the Natural Rate of Unemployment

Daly, Mary C. - 2011

standard search and matching model of unemployment, which shows that two curves – the Beveridge curve (BC) and the Job Creation …

Persistent link: https://www.econbiz.de/10013122681

Evaluating the search and matching model with sticky wages

Reicher, Christopher Phillip - 2010

Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … cycle volatility and matching the lack of a long-run relationship between vacancy creation and inflation. With regard to …

Persistent link: https://www.econbiz.de/10010274434

Firms' Relative Sensitivity to Aggregate Shocks and the Dynamics of Gross Job Flows

Pinto, Eugenio - 2009

We propose a measure for the importance of aggregate shocks for fluctuations in job flows at the firm level. Using data for the Portuguese economy, we find that large and old firms exhibit higher relative sensitivity to aggregate shocks and have a disproportional influence over the dynamics of...

Persistent link: https://www.econbiz.de/10012764198

Worker Churn and Employment Growth at the Establishment Level

Bachmann, Rüdiger - 2017

We study the relationship between employment growth and worker flows in excess of job flows (churn) at the establishment level using the new German AWFP dataset spanning from 1975–2014. Churn is above 5 percent of employment along the entire employment growth distribution and most pronounced...

Persistent link: https://www.econbiz.de/10012945246

Labor Market Issues in the Caribbean : Scope to Mobilize Employment Growth

Kandil, Magda - 2014

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the...

Persistent link: https://www.econbiz.de/10013049805

High discounts and low fundamental surplus : an equivalence result for unemployment fluctuations

Mitra, Indrajit; Seo, Taeuk; Xu, Yu - 2021

Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they call the "fundamental surplus." However, their analysis ignores risk premia, a force that Hall (2017) shows is important in understanding unemployment fluctuations. We show how...

Persistent link: https://www.econbiz.de/10012649569

A Theory of Dynamic Selection in the Labor Market

Molavi, Pooya - 2018

I propose an equilibrium search and matching model with permanent worker heterogeneity, asymmetric information, and …

Persistent link: https://www.econbiz.de/10012935963

Non-Walrasian Labor Markets and Real Business Cycles

Maffezzoli, Marco - 2000

The standard Real Business Cycle literature mainly focuses on Walrasian models designed to fit the US institutional framework. Differences between the US and Europe, mostly evident in the labor market, suggest that a purely Walrasian model may be inappropriate to study European business cycles....

Persistent link: https://www.econbiz.de/10014154699