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employment sample, for the time period 1975-2001. The latter provides daily information on 2% of the German workforce covered by … increased flow into unemployment in a recession is mainly due to reduced hirings, and hence lower job-to-job transitions, rather …
Persistent link: https://www.econbiz.de/10003323028
contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural … shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends …
Persistent link: https://www.econbiz.de/10010417964
falls in the trend employment-population ratio. The recent shift in the Beveridge Curve during the Great Recession is …
Persistent link: https://www.econbiz.de/10010360956
establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …
Persistent link: https://www.econbiz.de/10011735900
, technology shocks have more persistent effects. The job finding rate largely drives the response of unemployment, though the … driving employment growth. Measuring reallocation from job flows, we find that monetary and demand shocks do not have … estimate shock-specific matching functions. Allowing for a break in 1984:Q1 shows considerable subsample differences in …
Persistent link: https://www.econbiz.de/10012734736
unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …
Persistent link: https://www.econbiz.de/10011437769
The average employment rate for the OECD countries was close to 63 percent in the period 2000- 2015 but there is … considerable variation within and between countries. We find that a dynamic model for employment, derived from a multiple equation … the dynamics well and they imply interpretable estimates of the normal employment rate level, conditional on the state of …
Persistent link: https://www.econbiz.de/10012005508
The average employment rate for the OECD countries was close to 63 percent in the period 2000-2015 but there is … considerable variation within and between countries. We find that a dynamic model for employment, derived from a multiple equation … the dynamics well and they imply interpretable estimates of the normal employment rate level, conditional on the state of …
Persistent link: https://www.econbiz.de/10012018509
This paper examines how job quality varies over the cycle. Empirical evidence from the National Longitudinal Survey of Youth (NLSY) suggests match quality is procyclical. This interpretation is corroborated in a calibrated model with on-the-job search. In the model, more high quality matches are...
Persistent link: https://www.econbiz.de/10013007731
Although the size of the labor force is nearly acyclical, worker flows between employment and unemployment on the one … paper lays out a job-search model to uncover the determinants of worker flows between employment, unemployment and … probability to move from inactivity into unemployment. Second, high-productivity workers who are less likely to drop from the …
Persistent link: https://www.econbiz.de/10014140000