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The matching efficiency of the standard matching function is known to follow a pro-cyclical pattern. An observed … rightward shift in the UK's Beveridge Curve after the Great Recession, suggests a decrease in the matching efficiency between … characteristics of unemployed, using the standard aggregate matching function. Consistent with the findings for the US (Barnichon and …
Persistent link: https://www.econbiz.de/10013414379
"Of the typically cited agglomeration advantages labor market pooling receives strong empirical support - yet remains under-explored theoretically. This paper presents a model of human capital formation in an imperfectly competitive, pooled local labor market with heterogeneous workers and...
Persistent link: https://www.econbiz.de/10010592432
"Of the typically cited agglomeration advantages labor market pooling receives strong empirical support - yet remains under-explored theoretically. This paper presents a model of human capital formation in an imperfectly competitive, pooled local labor market with heterogeneous workers and...
Persistent link: https://www.econbiz.de/10005537139
. -- Wage Rigidity ; Search and Matching Model ; Business Cycle …
Persistent link: https://www.econbiz.de/10003827155
The main emphasis of this article is focused on the growing problem of structural unemployment in selected group of transition countries. Namely, if a certain region has a greater degree of unemployment rate than the frictional one, and if another region shows greater number of available...
Persistent link: https://www.econbiz.de/10013081316
This study investigates the causal effects of education on individuals' transitions between employment and unemployment, with particular focus on the extent to which education improves re-employment outcomes among unemployed workers. Given that positive correlations between education and labour...
Persistent link: https://www.econbiz.de/10013128216
Persistent link: https://www.econbiz.de/10001691351
Arbeitslosigkeit stellt in Deutschland seit Mitte der 70er Jahre ein dauerhaftes wirtschafts- und gesellschaftspolitisches Problem dar. Von der zunehmenden Arbeitslosigkeit sind gering qualifizierte Personen besonders betroffen. Ziel dieses Buches ist es, die Relevanz und das Gewicht...
Persistent link: https://www.econbiz.de/10001955685
Shimer (2005) and Hall (2005) have documented the failure of standard labor market search models to match business cycle fluctuations in employment and unemployment. They argue that it is likely that wages are not adjusted as regularly as suggested by the model, which would explain why...
Persistent link: https://www.econbiz.de/10012729156
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10013324956