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Sorting and the Output Loss due to Search Frictions
Gautier, Pieter A.; Teulings, Coen N. - Tinbergen Instituut - 2011
. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …
Persistent link: https://www.econbiz.de/10011257030
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Business Cycles and Compositional Variation in U.S. Unemployment
Abbring, Jaap H.; Berg, Gerard J. van den; Ours, Jan C. van - Tinbergen Instituut - 1997
In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original … focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration …, compositional effects and duration dependence of the exit rate out of unemployment have been investigated. Unlike the partial …
Persistent link: https://www.econbiz.de/10011257090
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Collective versus Decentralized Wage Bargaining and the Efficient Allocation of Resources
Cai, Xiaoming; Gautier, Pieter A.; Watanabe, Makoto - Tinbergen Instituut - 2012
An advantage of collective wage agreement is that search and business-stealing externalities can be internalized. A disadvantage is that it takes more time before an optimal allocation is reached because more productive firms (for a particular worker type) can no longer signal this by posting...
Persistent link: https://www.econbiz.de/10011257565
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Labor Market Matching under Imperfect Information
Willems, Tim - Tinbergen Instituut - 2010
Recent research has shown that the standard labor matching model hasdifficulties in reproducing the co-movement patterns observed in US data. Thisis due to the fact that the standard model lacks sufficient propagation of shocks.This paper shows that refining the informational structure of the...
Persistent link: https://www.econbiz.de/10011257588
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Imperfect Information, Lagged Labor Adjustment and the Great Moderation
Willems, Tim; Wijnbergen, Sweder van - Tinbergen Instituut - 2009
This discussion paper resulted in a publication in the <A HREF="https://apps.webofknowledge.com/full_record.do?product=UA&search_mode=GeneralSearch&qid=5&SID=T2lPmvB33HytcbnHQmV&page=1&doc=4">'Oxford Economic Papers-New Series'</A>, 2013, 65(2), 219-239.<P> This paper first documents the increase in the time lag with which labor input reacts to output fluctuations ("the labor adjustment lag") that is visible in US data since the...</p></a>
Persistent link: https://www.econbiz.de/10011256598
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Unemployment Dynamics in the OECD
Elsby, Michael W.L.; Hobijn, Bart; Sahin, Aysegul - Tinbergen Instituut - 2011
available data for fourteen OECD economies. We thendevise a method to decompose changes in unemployment into contributions … accountedfor by changes in inflow and outflow rates for cases where unemployment deviates fromits flow steady state, as it does in … unemploymentvariation within countries. For Anglo-Saxon economies we find approximately a 15:85inflow/outflow split to unemployment …
Persistent link: https://www.econbiz.de/10011257294
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An Experimental Investigation of Wage Taxation and Unemployment in Closed and Open Economies
Riedl, Arno; Winden, Frans van - Tinbergen Instituut
We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed … the dynamic interaction between the wage tax and unemployment. (ii) Employment is boosted by budget deficits but …
Persistent link: https://www.econbiz.de/10011255591
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Unemployment, Growth and the Organisation of Work
Groot, Henri L.F. de; Schaik, Anton B.T.M. van - Tinbergen Instituut - 2002
by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …
Persistent link: https://www.econbiz.de/10011256488
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Optimal Government Spending and Unemployment
Linnemann, Ludger; Schabert, Andreas - Tinbergen Instituut - 2008
We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy …
Persistent link: https://www.econbiz.de/10011256990
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Dual Track or Academic Route for Auditors
Jonker, Nicole; Ophem, Hans van; Hartog, Joop - Tinbergen Instituut - 2002
In the Netherlands auditors can be trained in a part-time educational track in which students combine working and studying or in a full-time educational track. The former training is relatively firm-specific whereas the latter training is relatively general. Applying human capital theory, we...
Persistent link: https://www.econbiz.de/10011257420