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Real Price and Wage Rigidities in a Model with Matching Frictions

Küster, Keith - 2021

This paper incorporates search and matching frictions in the labor market into a New Keynesian model. In contrast to … the literature, the labor market activity takes place in the (Calvo-staggered) price-setting sector. Matching frictions … which induce smooth inflation also dampen the adjustment of wages in response to shocks. In the search and matching …

Persistent link: https://www.econbiz.de/10013317251

Sectoral explanations of employment in Europe: the role of services

D’Agostino, Antonello; Serafini, Roberta; … - 2006

This paper investigates the determinants of the service sector employment share in the EU-15, for the aggregate service sector, four sub-sectors and twelve service sector branches. Recently, both Europe and the US have experienced an increase in the share of service-related jobs in total...

Persistent link: https://www.econbiz.de/10011604671

Help wanted: The drivers and implications of labour shortages

Groiss, Martin; Sondermann, David - 2023

Labour shortages have become prevalent across advanced economies. Yet, little is known about which firms are more likely to face them and the impact they have on the labour market. We create a firm-level data set spanning 28 EU countries, 283 regions and 18 sectors, contributing to close this...

Persistent link: https://www.econbiz.de/10014543591

On-the-Job Search and the Cyclical Dynamics of the Labor Market

Krause, Michael; Lubik, Thomas A. - 2021

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 increases job search. By keeping job creation costs low for firms,...

Persistent link: https://www.econbiz.de/10013318926

The Incidence of Nominal and Real Wage Rigidity : An Individual-Based Sectoral Approach

Messina, Julián - 2010

This paper presents estimates based on individual data of downward nominal and real wage rigidities for thirteen sectors in Belgium, Denmark, Spain and Portugal. Our methodology follows the approach recently developed for the International Wage Flexibility Project, whereby resistance to nominal...

Persistent link: https://www.econbiz.de/10013142586

Do Firms Provide Wage Insurance against Shocks? Evidence from Hungary

Kátay, Gábor - 2021

In this paper I address the question to what extent wages are affected by product market uncertainty. Implicit contract models imply that it is Pareto optimal for risk neutral firms to provide insurance to risk averse workers against shocks. Using matched employer-employee dataset, I adopted the...

Persistent link: https://www.econbiz.de/10013316455

The employment consequences of SMEs' credit constraints in the wake of the Great Recession

Cornille, David; Tojerow, Ilan; Rycx, François - 2017

This article takes advantage of access to confidential matched bank-firm data relative to the Belgian economy to investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the wake of the Great Recession. Variability in banks'...

Persistent link: https://www.econbiz.de/10011853305

The Employment Consequences of SMEs’ Credit Constraints in the Wake of the Great Recession

Cornille, David - 2017

Persistent link: https://www.econbiz.de/10012940882

Real effects of credit supply shocks: Evidence from Danish banks, firms, and workers

Hviid, Simon Juul; Schroeder, Christofer - 2024

Contractions in credit supply can lead firms to reduce their level of employment, yet little is known about how these shocks affect the composition of firms' employees and outcomes at the worker level. This paper investigates how bank distress affects credit provision and its effects on...

Persistent link: https://www.econbiz.de/10015199455

Did the pattern of aggregate employment growth change in the euro area in the late 1990s?

Mourre, Gilles - 2004

The paper examines whether the pattern of growth in euro area employment seen in the period 1997-2001 differed from that recorded in the past and what could be the reasons for that. First, a standard employment equation is estimated for the euro area as a whole. This shows that the lagged impact...

Persistent link: https://www.econbiz.de/10011604404