Search Results - subject:"Search and matching"

Search Frictions in Physical Capital Markets as a Propagation Mechanism

Kurmann, André; Petrosky-Nadeau, Nicolas - Centre Interuniversitaire sur le Risque, les Politiques … - 2007

We build a Dynamic General Equilibrium model with search frictions for the allocation of physical capital and investigate its implications for the business cycle. While the model is in principle capable of generating substantial internal propagation to small exogenous shocks, the quantitative...

Persistent link: https://www.econbiz.de/10005015320

Does intra-firm bargaining matter for business cycle dynamics?

Krause, Michael; Lubik, Thomas A. - Deutsche Bundesbank - 2007

We analyse the implications of intra-firm bargaining for business cycle dynamics in models with large firms and search frictions. Intra-firm bargaining implies a feedback effect from the marginal revenue product to wage setting which leads firms to over-hire in order to reduce workers'...

Persistent link: https://www.econbiz.de/10005083080

On-the-job search and the cyclical dynamics of the labor market

Krause, Michael; Lubik, Thomas A. - Deutsche Bundesbank - 2007

We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies induce more on-the-job search. By keeping job creation costs low for firms,...

Persistent link: https://www.econbiz.de/10005083231

Unemployment and employment protection in a unionized economy with search frictions

Stähler, Nikolai - Deutsche Bundesbank - 2007

In theoretical literature, the effects of employment protection on unemployment are ambiguous. Higher employment protection decreases job creation as well as job destruction. However, in most models, wages are bargained individually between workers and firms. Using a conventional matching model...

Persistent link: https://www.econbiz.de/10005083255

On-the-Job Search Over the Business Cycle

Tattara, Giuseppe; Valentini, Marco - Dipartimento di Economia, Università Ca' Foscari Venezia - 2007

On-the-Job Search is one of the most common and efficient ways to look for a new job, most of the time workers move directly from one employment position to another (E-to-E) without an intervening spell of unemployment. E-to-E transitions are a relevant component of total labour flows and have a...

Persistent link: https://www.econbiz.de/10005057163

Lost in Transition: The Costs and Consequences of Sectoral Labour Adjustment

Tapp, Stephen - Economics Department, Queen's University - 2007

reallocation costs, this paper shows that these costs are important at the aggregate level. I use a search and matching model to …

Persistent link: https://www.econbiz.de/10005688455

The Dynamics of Sectoral Labour Adjustment

Tapp, Stephen - Economics Department, Queen's University - 2007

This paper develops an equilibrium search and matching model to jointly study the aggregate, sectoral, and …

Persistent link: https://www.econbiz.de/10005688526

Wage rigidity and job creation

Haefke, Christian; Sonntag, Marcus; Rens, Thijs van - Department of Economics and Business, Universitat … - 2007

Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatility of unemployment fluctuations. We use worker-level data from the CPS to measure the sensitivity of wages of newly hired workers to changes in aggregate labor market conditions. The wage of new...

Persistent link: https://www.econbiz.de/10005772474

Self-Employment and Labor Market Policies

Kumar, Alok; Schuetze, Herbert J. - Department of Economics, University of Victoria - 2007

We develop a model of self-employment in the search and matching frame-work of Mortensen and Pissarides. We integrate …

Persistent link: https://www.econbiz.de/10005801977

The Shimer Puzzle and the Correct Identification of Productivity Shocks

Barnichon, Régis - Centre for Economic Performance, LSE - 2007

, J64 Keywords: unemployment fluctuations, labor productivity, search and matching model, New- Keynesian model …;t 1 2 with > 0 and the steady-state level of in�ation. In a search and matching model of the labor market … evaluate the search and matching model. In the MP model, job creation is determined by the expected cost of labor which depends …

Persistent link: https://www.econbiz.de/10005797309