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The Cyclical Behavior of Equilibrium Unemployment and Vacancies Across OECD Countries

Amaral, Pedro S.; Tasci, Murat - 2014

We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market volatility extends beyond the U.S. to a set of OECD countries. That is, the volatility puzzle is ubiquitous. We argue cross-country data is helpful in scrutinizing between potential...

Persistent link: https://www.econbiz.de/10010500264

Vacancy matching and labor market conditions

Stadin, Karolina - 2012

unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor …

Persistent link: https://www.econbiz.de/10010321379

Survey Evidence on Wage Rigidity and Unemployment: Sweden in the 1990s

Agell, Jonas; Lundborg, Per - 1999

severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 …, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …

Persistent link: https://www.econbiz.de/10010321754

The Ins and Outs of Unemployment in the Long Run: Unemployment Flows and the Natural Rate

Tasci, Murat - 2012

This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …

Persistent link: https://www.econbiz.de/10010500228

Survey evidence on wage rigidity and unemployment: Sweden in the 1990s

Agell, Jonas; Lundborg, Per - 1999

Persistent link: https://www.econbiz.de/10010321058

Establishments dynamics and matching frictions in classical competitive equilibrium

Veracierto, Marcelo - 2007

-wanted ads and an unemployment subsidy, is highly contractionary. However, it leads to large welfare gains. The policy also plays …

Persistent link: https://www.econbiz.de/10010292153

Minimum wage increases and vacancies

Kudlyak, Marianna; Tasci, Murat; Tüzemen, Didem - 2022

Using a unique data set and a novel identification strategy, we estimate the effect of minimum wage increases on job vacancy postings. Utilizing occupation-specific countylevel vacancy data from the Conference Board's Help Wanted Online for 2005-2018, we find that state-level minimum wage...

Persistent link: https://www.econbiz.de/10013373856

Uninsurable individual risk and the cyclical behavior of unemployment and vacancies

Shao, Enchuan; Silos, Pedro - 2007

volatility of vacancies and unemployment. This channel can be relevant if the lack of insurance is large enough so that the … earnings variance and persistence in the unemployment state that result in a large degree of self-insurance. …

Persistent link: https://www.econbiz.de/10010292356

When and how to create a job: The survival of new jobs in Austrian firms

Böheim, René; Stiglbauer, Alfred; Winter-Ebmer, Rudolf - 2005

While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm’s and from a macro perspective. Adjustment cost theories and arguments about option values...

Persistent link: https://www.econbiz.de/10010294519

On the Persistence of Job Creation in Old and New Firms

Böheim, René; Stiglbauer, Alfred; Winter-Ebmer, Rudolf - 2008

We suggest a new method to analyze the success of firm creation by looking at the persistence of new jobs created in old and in new firms. Compared to survival rates of new versus old firms, this measure has the advantage that the sustainability of job creation in different circumstances is...

Persistent link: https://www.econbiz.de/10010294908