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Firing Tax vs. Severance Payment - An Unequal Comparison
Wesselbaum, Dennis - 2009
of vacancies, unemployment and wages. …
Persistent link: https://www.econbiz.de/10015218477
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Unemployment, Inflation and Monetary Policy in a Dynamic New Keynesian Model with Hiring Costs
Abbritti, Mirko; Boitani, Andrea; Damiani, Mirella - 2006
The dynamic general equilibrium model with hiring costs presented in this paper delivers involuntary unemployment in …
Persistent link: https://www.econbiz.de/10015221465
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Beyond the added-worker and the discouraged-worker effects: the entitled-worker effect
Martín-Román, Ángel L. - 2020
EWE is a consequence of one of the most important labor institutions: the unemployment benefit (UB). We develop a model …
Persistent link: https://www.econbiz.de/10015223874
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Business cycle with nominal contracts and search frictions
Moon, Weh-Sol - 2011
unemployment rate and the vacancy rate increase sharply, but those of output and total hours worked do not appreciably change. …
Persistent link: https://www.econbiz.de/10015227458
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A Mechanism of Cyclical Volatility in the Vacancy-Unemployment Ratio: What Is the Source of Rigidity?
Harashima, Taiji - 2011
in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …
Persistent link: https://www.econbiz.de/10015227897
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A mechanism of cyclical volatility in the vacancy-unemployment ratio: what is the source of rigidity?
Harashima, Taiji - 2011
in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …
Persistent link: https://www.econbiz.de/10015230767
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Explaining the Joint Behavior of Employment, Unemployment and Nonparticipation
Moon, Weh-Sol - 2008
This paper argues that existing matching models with unemployment as an active search and nonparticipation as an … inactive search predict counterfactual results: the unemployment rate is at most two times as volatile as the … employmentpopulation ratio; only 20 percent of the actual volatility of the unemployment rate is accounted for; and the labor market …
Persistent link: https://www.econbiz.de/10015233745
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Human Capital and the Business Cycle Effects on the Postgraduate Wage Premium
Gu, Ran - 2021
Postgraduate degree holders experience lower cyclical variation in real wages than those with undergraduate degrees. Moreover, postgraduate jobs require more specific human capital and take longer to adapt to. Using an equilibrium search model with dynamic incentive contracts, this paper...
Persistent link: https://www.econbiz.de/10015256865
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Specific Capital, Firm Insurance, and the Dynamics of the Postgraduate Wage Premium
Gu, Ran - 2019
Postgraduate degree holders experience lower cyclical wage variation than those with undergraduate degrees. Moreover, postgraduates have more specific human capital than undergraduates. Using an equilibrium search model with long-term contracts and imperfect monitoring of worker effort, this...
Persistent link: https://www.econbiz.de/10015265256
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Specific Human Capital and Real Wage Cyclicality: An Application to Postgraduate Wage Premium
Gu, Ran - 2019
This paper examines how specific human capital affects labour turnover and real wage cyclicality in a frictional labour market. I develop an equilibrium search model with long-term contracts and imperfect monitoring of worker effort. Imperfect monitoring creates a moral hazard problem that...
Persistent link: https://www.econbiz.de/10015266212