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Countercyclical recruiting rates and the value of jobs
Yashiv, Eran - 2015
U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...
Persistent link: https://www.econbiz.de/10011346601
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Value added, wages, and labor market flows at the establishment level
Merkl, Christian; Stüber, Heiko - 2018
In this paper, we analyze the connection between value added, wages, and labor market flows at the establishment level. We develop a simple model to illustrate the expected comovement of these variables. For the empirical analysis, we link the new German Administrative Wage and Labor Market Flow...
Persistent link: https://www.econbiz.de/10011796396
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Uncovering the mechanism(s): financial constraints and wages
Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020
How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and the financial market, we address two prominent mechanism through which firms' financial constraints amplify unemployment and explore their effect on wages. First, the financial...
Persistent link: https://www.econbiz.de/10012389827
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Vacancy durations and entry wages : evidence from linked vacancy-employer-employee data
Kettemann, Andreas; Müller, Andreas; Zweimüller, Josef - 2018
unusually informative data comprising detailed information on vacancies, the establishments posting the vacancies and the … workers eventually filling the vacancies. We find that vacancy durations are negatively correlated with the starting wage and … confirm previous findings that growing establishments fill their vacancies faster. To understand the relationship between …
Persistent link: https://www.econbiz.de/10011916402
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Cyclical earnings, career and employment transitions
Carrillo-Tudela, Carlos; Visschers, Ludo; Wiczer, David - 2022
mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational …
Persistent link: https://www.econbiz.de/10013412799
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Recessions and occupational match quality: the role of age, gender, and education
Addison, John T.; Chen, Liwen; Ozturk, Orgul Demet - 2020
Although the adverse labor market effects of economic recessions have been well documented, a notable omission in the literature is how recessions impact workers' job match quality. This paper considers the short and longer-term losses in productivity associated with the job changing brought in...
Persistent link: https://www.econbiz.de/10012239564
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Labor market news and expectations about jobs & earnings
Schmidpeter, Bernhard - 2023
Little is known about how workers update expectations about job search and earnings when exposed to labor market news …
Persistent link: https://www.econbiz.de/10014394219
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How cyclical is the user cost of labor?
Kudlyak, Marianna - 2024
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
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The quality-adjusted cyclical price of labor
Bils, Mark; Kudlyak, Marianna; Lins, Paulo - 2023
Typical measures of wages, such as average hourly earnings, fail to capture cyclicality in the effective cost of labor in the presence of (i) cyclical fluctuations in the quality of worker-firm matches, or (ii) wages being smoothed within employment matches. To address both concerns, we estimate...
Persistent link: https://www.econbiz.de/10014248987
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Fiscal policy and the labour market : the effect of public sector employment and wages
Gomes, Pedro - 2010
I build a dynamic stochastic general equilibrium model with search and matching frictions and two sectors in order to … United States. I find that the direct search mechanism between the two sectors is an important element to explain business …
Persistent link: https://www.econbiz.de/10009302182