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Going the extra mile : effort by workers and job-seekers

Hertweck, Matthias S.; Lewis, Vivien; Villa, Stefania - 2019

We introduce two types of effort into an otherwise standard labor search model to examine indeterminacy and sunspot … equilibria. Variable labor effort gives rise to increasing returns to hours in production. This makes workers more valuable and … contributes to self-fulfilling profit expectations, raising the likelihood of indeterminacy. Variable search effort makes workers …

Persistent link: https://www.econbiz.de/10012062385

Economic growth through worker reallocation: The role of knowledge spillovers

Mäkynen, Eero - 2021

An establishment can improve its productivity by hiring workers from more productive establishments. Then, how important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium model where knowledge transmits as workers reallocate from...

Persistent link: https://www.econbiz.de/10013394370

The Role of Central Bank in the Recession in the Case of Japan's Recession

Miyagawa, Shigeyoshi; Morita, Yoji; Sawada, Yoshitaka - 2007

Japan's economy is expanding and expected to continue expanding moderately, according to Monthly Report of Recent Economic and Financial Developments released by the Bank of Japan in July 2007.The BOJ declared the change of policy stance at the Monetary Policy Meeting held on July 14, 2006. The...

Persistent link: https://www.econbiz.de/10012502971

The long-term earnings' effects of a credit market disruption

Adamopoulou, Effrosyni; De Philippis, Marta; Sette, Enrico - 2023

This paper studies the long-term consequences on firms and workers of the credit crunch triggered by the 2007-2008 global financial crisis. Relying on a unique matched bank-employer-employee administrative dataset, we construct a firm-specific credit supply shock and examine firms’ and...

Persistent link: https://www.econbiz.de/10014440036

The fall and rebound of average establishment size in West Germany

Kovalenko, Tim; Sauerbier, Timo; Schröpf, Benedikt - 2024

In West Germany, the average size of establishments declined during the 1990s and started to increase again in the late 2000s, while the employer size wage premium followed the opposite trajectory. In this paper, we show that these two developments are interrelated. More precisely, our results...

Persistent link: https://www.econbiz.de/10014501125

EU enlargement and (temporary) migration : effects on labour market outcomes in Germany

Hammer, Luisa; Hertweck, Matthias S. - 2022

EU Eastern Enlargement elicited a rise in (temporary) labour market oriented immi-gration to Germany starting in May 2011. Taking into account that not all immigrantsstay permanently and that outmigration flows are selective, this paper classifies recent EUimmigrants into “new arrivals” and...

Persistent link: https://www.econbiz.de/10012821802

Monetary policy and unemployment in open economies

Engler, Philipp - 2011

After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer (2010) found that the risk of unemployment negatively...

Persistent link: https://www.econbiz.de/10009405109

Fiscal austerity, unemployment and family firms

Munkacsi, Zsuzsa - 2015

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian framework with search and matching frictions, and, as an innovation, in the presence of sectoral heterogeneity. Family and non-family firms behave differently in the labor market and...

Persistent link: https://www.econbiz.de/10010516542

Household search and the aggregate labor market

Mankart, Jochen; Oikonomou, Rigas - 2015

We develop a theoretical model with labor market frictions, incomplete financial markets and with households which have two members. Households face unemployment risks but their members adjust their labor supplies to insure against unemployment. We use the model to explain the cyclical...

Persistent link: https://www.econbiz.de/10011312576

Labor market reforms, precautionary savings, and global imbalances

Hochmuth, Brigitte; Moyen, Stéphane; Stähler, Nikolai - 2019

build a two-region RBC model with labor market frictions, idiosyncratic consumption risk, and limited cross …

Persistent link: https://www.econbiz.de/10011995060