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We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10011335208
This paper analyzes the determinants of lay-offs, job-to-job movements and totalseparations with a unique data set that combines information on individual firmsand their workers. We are in particular interested in whether the lay-offpolicy of firms can explain the relatively high level of...
Persistent link: https://www.econbiz.de/10011300551
the United States we find strong evidencefor a systematic concave relationship. An assignment model with search frictions …
Persistent link: https://www.econbiz.de/10011333251
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes … market outcomes for a large set of OECD countries. We then ask how models with search improve our understanding of these data …. Our results are mixed. Search models are useful for interpreting the behavior of some additional data series, but search …
Persistent link: https://www.econbiz.de/10014025126
model based on a search and matching framework with two search channels: a formal channel which is costly for firms and a … an open vacancy chooses an optimal search effort in order to attract job candidates. This search effort depends on the … are positively correlated we show that: (1) Larger firms invest more effort into formal search activities; (2) Firms …
Persistent link: https://www.econbiz.de/10011732465
model based on a search and matching framework with two search channels: a formal channel which is costly for firms and a … open vacancy chooses an optimal search effort in order to attract job candidates. This search effort depends on the … are positively correlated we show that: (1) Larger firms invest more effort into formal search activities; (2) Firms …
Persistent link: https://www.econbiz.de/10011762947
This paper measures the job-search responses to the COVID-19 pandemic using realtime data on vacancy postings and ad … industries and occupations heterogeneously. Second, the scope and direction of search change. Job seekers respond to the shock by … searching less intensively and by redirecting their search towards less severely hit occupations, beyond what changes in labour …
Persistent link: https://www.econbiz.de/10012213681
This paper measures the job-search responses to the COVID-19 pandemic using realtime data on vacancy postings and job … three months after the COVID outbreak. Third, they redirect their search towards less severely hit occupations, beyond what … changes in vacancies would predict. Overall, these job search responses have the potential to amplify the labour demand shock. …
Persistent link: https://www.econbiz.de/10012419555
Since the last recession, it is usually argued that older workers are less affected by the economic downturn because their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive to the business cycle. We document volatilities of...
Persistent link: https://www.econbiz.de/10010339640
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …
Persistent link: https://www.econbiz.de/10014366741