Narrow search
Showing 1 - 10 of 100
Cover Image
Sector-Specific Productivity Shocks in a Matching Model
Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2010
the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary …
Persistent link: https://www.econbiz.de/10008496992
Cover Image
Wage Rigidity and Job Creation
Haefke, Christian; Sonntag, Marcus; Rens, Thijs van - Institut für Weltwirtschaft (IfW) - 2009
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10005700599
Cover Image
Implementing quotas in university admissions: An experimental analysis
Braun, Sebastian; Dwenger, Nadja; Kübler, Dorothea; … - Institut für Weltwirtschaft (IfW) - 2012
students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for …
Persistent link: https://www.econbiz.de/10010886875
Cover Image
Reserve price when bidders are asymmetric
Gunay, Hikmet; Meng, Xin; Nagelberg, Mark - Institut für Weltwirtschaft (IfW) - 2013
The authors analyze the optimal reserve price in a second price auction when there are N types of bidders whose …; hence, the auction will be efficient. …
Persistent link: https://www.econbiz.de/10010956029
Cover Image
An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2010
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage … account for important empirical regularities that the conventional matching model cannot. …
Persistent link: https://www.econbiz.de/10010955922
Cover Image
An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …
Persistent link: https://www.econbiz.de/10004992848
Cover Image
Centralized vs. Decentralized Wage Formation: The Role of Firms’ Production Technology
Hirsch, Boris; Merkl, Christian; Müller, Steffen; … - Institut für Weltwirtschaft (IfW) - 2014
This paper is the first to show theoretically and empirically how firms' production technology affects the choice of their preferred wage formation regime. Our theoretical framework predicts, first, that the larger the total factor productivity of a firm, the more likely it is to opt for...
Persistent link: https://www.econbiz.de/10010886974
Cover Image
Multinational Firms and Heterogeneous Workers
Larch, Mario; Lechthaler, Wolfgang - Institut für Weltwirtschaft (IfW) - 2008
In the presence of increasing specialization of workers it becomes more and more difficult for firms to find the most suitable workers. In such an environment a multinational corporation has an advantage because it can exchange workers between plants in different countries. In this way it can...
Persistent link: https://www.econbiz.de/10004987459
Cover Image
Occupational upgrading and the business cycle in West Germany
Büttner, Thomas; Jacobebbinghaus, Peter; Ludsteck, Johannes - Institut für Weltwirtschaft (IfW) - 2009
The occupational skill structure depends on the business cycle if employers respond to shortages of applicants during upturns by lowering their hiring standards. The notion and relevance of hiring standards adjustment was advanced by Reder and investigated formally in a search-theoretic...
Persistent link: https://www.econbiz.de/10005083369
Cover Image
Reciprocity and Matching Frictions
Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2010
We build a RBC endogenous separation matching model and introduce efficiency wages along the lines of Akerlof (1982 …). While the standard endogenous separation matching model reveals shortcomings in explaining correlations and volatilities … consistently enhance the performance of the (endogenous separation) matching model …
Persistent link: https://www.econbiz.de/10008635827