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On the Changing Structure of Unemployment Duration

Sahin, Aysegul; Mukoyama, Toshihiko - Society for Economic Dynamics - SED - 2004

This paper examines the causes of observed increase in the duration of unemployment relative to the unemployment rate in the Post-War United States. First we analyze if changes in the demographic composition of U.S. labor force can explain the change in the structure of unemployment duration. In...

Persistent link: https://www.econbiz.de/10005051401

A generalized options approach to aggregate migration with an application to US federal states

Bayer, Christian; Juessen, Falko - Society for Economic Dynamics - SED - 2006

This paper develops a tractable dynamic microeconomic model of migration decisions that is aggregated to describe the … behavior of interregional migration. Our structural approach allows to deal with dynamic self-selection problems that arises … from the endogeneity of location choice and the persistency of migration incentives. Keeping track of the distribution …

Persistent link: https://www.econbiz.de/10005069203

Moral Hazard and Dynamic Insurance Data

Abbring, Jaap H.; Chiappori, Pierre-Andre - Society for Economic Dynamics - SED - 2004

This paper exhibits dynamic features of insurance contracts in the empirical analysis of moral hazard. We first show that experience rating implies negative occurrence dependence under moral hazard: individual claim intensities decrease with the number of past claims. We then show that dynamic...

Persistent link: https://www.econbiz.de/10005090929

(Un)Employment Dynamics: The Case of Monetary Policy Shocks

Braun, Helge - Society for Economic Dynamics - SED - 2006

This paper estimates an identified VAR on US data to gauge the dynamic response of the job finding rate, the worker separation rate, and vacancies to monetary policy shocks. I develop a general equilibrium model that can account for the large and persistent responses of vacancies, the job...

Persistent link: https://www.econbiz.de/10004977920

Job Search, Bargaining, and Wage Dynamics

Yamaguchi, Shintaro - Society for Economic Dynamics - SED - 2006

What are the sources of rapid wage growth during a worker's early career? To address this question, I construct and estimate a model of strategic wage bargaining with on-the-job search to explore three different components of wages: general human capital, match-specific capital, and outside...

Persistent link: https://www.econbiz.de/10004977926

Wage-Tenure Contracts, Experience and Employment Status

Carrillo-Tudela, Carlos - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10004977950

Minimum Wage and Compliance in a Model of Search On-the-Job

Petrongolo, B.; Eckstein, Z.; Ge, S. - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10004977952

The US-European Unemployment Divide Revisited: The Role of Growth and Convergence

Pissarides, Christopher A - Society for Economic Dynamics - SED - 2006

In this paper I argue that most comparisons of the unemployment dynamics in the United States and Europe since the war incorrectly neglect the role of technological catch-up in Europe up to the late 1960s and the contribution of the different growth experiences in the two continents. Growth has...

Persistent link: https://www.econbiz.de/10005090733

On-the-Job Search and Precautionary Savings: Theory and Empirics of Earnings and Wealth Inequality

Lise, Jeremy - Society for Economic Dynamics - SED - 2006

In this paper, I develop and estimate a model of the labor market that can account for both the inequality in earnings and the much larger inequality in wealth observed in the data. I show that an equilibrium model of on-the-job search, augmented to account for saving decisions of workers,...

Persistent link: https://www.econbiz.de/10005090754

Re-entitlement Effects with Duration Dependent Unemployment Insurance in a Stochastic Matching Equilibrium

Coles, Melvyn; Masters, Adrian - Society for Economic Dynamics - SED - 2006

In the context of a standard equilibrium matching framework, this paper considers how a duration dependent unemployment insurance (UI) system affects the dynamics of unemployment and wages in an economy subject to stochastic job-destruction shocks. It establishes that re-entitlement effects...

Persistent link: https://www.econbiz.de/10005090759

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