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We examine the implications of worker heterogeneity on the equilibrium matching process, using a directed search model … expression for the equilibrum matching function. This function has constant returns to scale and two new terms, which are …
Persistent link: https://www.econbiz.de/10013146730
The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...
Persistent link: https://www.econbiz.de/10010287683
This paper studies the determinants of hiring. We use the search-matching model with imperfect competition in the … unemployed workers has a positive effect on hiring as predicted by search-matching models. …
Persistent link: https://www.econbiz.de/10010321414
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/10010261061
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/10010325469
workers as well as a method of recruitment policy by firms. Indeed, taking into account the social sphere is fundamental to … recruitment policy are very high then only individuals who have more effective social network find a job which creates social … subsidize the costs of formal recruitment policy to reduce the persistence of social inequality. Our theory applies to the …
Persistent link: https://www.econbiz.de/10011112561
<Para ID="Par1">Unemployment increased drastically over the course of the Great Recession from 4.5 percent prior to the recession to 10 percent at its peak in October 2009. Since then, the unemployment rate has come down steadily, and it stood at 5.8 percent in November 2014. Based on existing analyses and some...</para>
Persistent link: https://www.econbiz.de/10011241038
Unemployment increased drastically over the course of the Great Recession from 4.5 percent prior to the recession to 10 percent at its peak in October 2009. Since then, the unemployment rate has come down steadily, and it stood at 5.8 percent in November 2014. Based on existing analyses and some...
Persistent link: https://www.econbiz.de/10011606562
Die Informationskanäle, über die Arbeitnehmer eine Beschäftigung finden, haben sich seit Beginn der 90er Jahre kaum verändert. Freunde und Bekannte sind nach wie vor die wichtigste Informationsquelle für eine erfolgreiche Stellensuche. Auch Anzeigen sind von großer Bedeutung, wobei...
Persistent link: https://www.econbiz.de/10005018752
Recent empirical evidence has found that employment services and small-businessassistance programmes are often successful at getting the unemployed back to work. Oneimportant concern of policy makers is to decide which of these two programmes is moreeffective and for whom...
Persistent link: https://www.econbiz.de/10005861856