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Social Security and Intergenerational Redistribution
Bhattacharya, Joydeep; Reed, Robert R. - Iowa State University of Science and Technology <Ames, … - 2005
Many countries around the world have large public pension programs with signif-icant cross-cohort redistribution. This paper provides a rationale for such programsin a lifecycle framework with search and matching frictions in the labor market. Inthe model, public pension programs alter the age...
Persistent link: https://www.econbiz.de/10009360849
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Aging, Unemployment, and Welfare in a Life-Cycle Model with Costly Labor Market Search
Bhattacharya, Joydeep; Reed, Robert R. - Iowa State University of Science and Technology <Ames, … - 2003
the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … environment in which unemployment arises as a natural possibility and both young and old workers find themselves contemporaneously …
Persistent link: https://www.econbiz.de/10009418937
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Homeownership and labour market outcomes : micro versus macro performances
Beugnot, Julie; Lacroix, Guy; Charlot, Olivier - 2014
unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …
Persistent link: https://www.econbiz.de/10010423759
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Aging, Unemployment, and Welfare in a Life-Cycle Model with Costly Labor Market Search
Bhattacharya, Joydeep; Reed III, Robert R. - 2002
the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … environment in which unemployment arises as a natural possibility and both young and old workers find themselves contemporaneously …
Persistent link: https://www.econbiz.de/10014120669
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Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies
Eyigungor, Burcu - 2019
for only a small portion of the fluctuations in unemployment and vacancies (Shimer (2005a)). In this paper, the author … vintages of entrants are able to account for fluctuations in unemployment and vacancies and that, in this environment, specific …
Persistent link: https://www.econbiz.de/10012706057
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Measuring heterogeneity in job finding rates among the nonemployed using labor force status histories
Kudlyak, Marianna; Lange, Fabian - 2014
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10010440544
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Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies
Pace, Federico di; Faccini, Renato - 2010
fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness … for the new hires and the calibration is consistent with the estimated elasticity of unemployment to unemployment benefits …
Persistent link: https://www.econbiz.de/10003969378
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Wage rigidity and job creation
Häfke, Christian; Sonntag, Marcus; Rens, Thijs van - 2009
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …
Persistent link: https://www.econbiz.de/10003827155
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Wage Rigidity and Job Creation
Haefke, Christian - 2007
cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as …
Persistent link: https://www.econbiz.de/10012729156
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Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories
Kudlyak, Marianna - 2018
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10012935210