Search Results - subject:"Search and matching"

Sequential bargaining in a New Keynesian model with frictional unemployment and staggered wage negotiation

De Walque, Gregory; Pierrard, Olivier; Sneessens, Henri R. - 2009

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated for each period. The workers' bargaining power in the working time negotiations affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i)...

Persistent link: https://www.econbiz.de/10011599072

Layoff Taxes, Unemployment Insurance, and Business Cycle Fluctuations

Ahrens, Steffen; Nejati, Nooshin; Pfeiffer, Philipp L. - Institut für Weltwirtschaft (IfW) - 2015

search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on … helps realign the search and matching model with the empirical properties of its most salient variables. The model …

Persistent link: https://www.econbiz.de/10011162484

Optimal unemployment insurance in an equilibrium business-cycle model

Mitman, Kurt; Rabinovich, Stanislav - In: Journal of Monetary Economics 71 (2015) C, pp. 99-118

The optimal cyclical behavior of unemployment insurance is characterized in an equilibrium search model with risk-averse workers. Contrary to the current US policy, the path of optimal unemployment benefits is pro-cyclical – positively correlated with productivity and employment. Furthermore,...

Persistent link: https://www.econbiz.de/10011263560

Learning-by-doing and unemployment dynamics

Khalifa, Sherif - In: Economic Modelling 44 (2015) C, pp. 180-187

This paper attempts to assess the impact of skill loss on the persistence of cyclical unemployment. The observations from the Current Population Survey and the Bureau of Labor Statistics suggest a countercyclical total unemployment rate that exhibits high persistence. A framework that features...

Persistent link: https://www.econbiz.de/10011116968

Informality in developing economies: Regulation and fiscal policies

Charlot, Olivier; Malherbet, Franck; Terra, Cristina - In: Journal of Economic Dynamics and Control 51 (2015) C, pp. 1-27

This paper proposes a unified theoretical framework where formal and informal firms coexist and face the same type of product and labor market imperfections: they have monopoly power in the goods market, they are subject to matching frictions in the labor market, and wages are determined by...

Persistent link: https://www.econbiz.de/10011190670

Effects of labor taxes and unemployment compensation on labor supply in a search model with an endogenous labor force

Chen, Been-Lon; Lai, Chih-Fang - In: Journal of Macroeconomics 43 (2015) C, pp. 300-317

Labor taxes and unemployment compensation were blamed for causing relative declines in labor supply in the EU to the US in the past decades. We propose a model with an endogenous labor force and compare with the model with an exogenous labor force. Because of discouraging the labor force, labor...

Persistent link: https://www.econbiz.de/10011194155

Fiscal stimuli in the form of job creation subsidies

Kuo, Chun-Hung; Miyamoto, Hiroaki - In: Journal of Macroeconomics 43 (2015) C, pp. 267-284

This paper examines the effects of fiscal stimuli in the form of job creation subsidies in a DSGE model with search friction and endogenous job separation. We consider two types of job creation subsidies: a subsidy for the cost of posting vacancies and a hiring subsidy. This paper finds that the...

Persistent link: https://www.econbiz.de/10011194169

Moving House

Ngai, Liwa Rachel; Sheedy, Kevin D. - C.E.P.R. Discussion Papers - 2015

Using data on house sales and inventories of unsold houses, this paper shows that changes in sales volume are largely explained by changes in the frequency at which houses are put up for sale rather than changes in the length of time taken to sell them. Thus the decision to move house is key to...

Persistent link: https://www.econbiz.de/10011145462

Fiscal multipliers in a two-sector search and matching model

Angelopoulos, Konstantinos; Jiang, Wei; Malley, James - School of Economics, University of Kent - 2015

business cycle model with search and matching frictions. We extend the canonical model by including capital …

Persistent link: https://www.econbiz.de/10011147644

Estimating the housing price with a search-and-matching model

Lisi, Gaetano; Iacobini, Mauro - In: Journal of European Real Estate Research 8 (2015) 2, pp. 196-216

Purpose – This paper aims to pose an important starting point for the application of the search-and-matching models to …, the search-and-matching framework has become the benchmark theoretical model of the housing market. Starting from the … determined. Unlike most of the search-and-matching models in the housing literature, the out-of-the steady-state dynamics are …

Persistent link: https://www.econbiz.de/10014862862