Krause, Michael (contributor); Lubik, Thomas A. (contributor) - 2004 - [Elektronische Ressource]
is a key component in explaining labor
market dynamics in models of equilibrium unemployment. The model predicts fluctu …-
ations of unemployment, vacancies, and labor productivity whose relative magnitudes
replicate the data. A standard search and … increasing firms’ incentives to post new jobs. Labor market tightness
as measured by the vacancy-unemployment ratio is as …