Showing 1 - 10 of 4,652
This paper quantifies the impact of the Hartz reforms on matching efficiency, using monthly SOEP gross worker flows … the outflow rate (job finding) has been steadily increasing. This indicates that matching efficiency has improved … substantially in recent years. Results from an estimated matching function - pointing to efficiency gains of more than 20 …
Persistent link: https://www.econbiz.de/10010339386
the matching process. We show that both modes of wage determination coexist in the German labor market, with about two …
Persistent link: https://www.econbiz.de/10010339948
This paper studies the conditional patterns of unemployment dynamics in Germany. We employ a structural VAR model and identify a technology shock and two policy shocks by using standard restrictions. Interestingly, the worker reallocation process varies substantially with the identified shocks....
Persistent link: https://www.econbiz.de/10010336262
This paper examines the effects of expansionary technology shocks (shocks that increase labor productivity and factor inputs) as opposed to contractionary technology shocks (shocks that increase labor productivity, but decrease factor inputs). We estimate these two shocks jointly based on a...
Persistent link: https://www.econbiz.de/10010336790
This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline scenario the rule based component of short-time work (i.e.,...
Persistent link: https://www.econbiz.de/10010344643
allow for search frictions and/or adjustment costs may rectify this deficiency. …
Persistent link: https://www.econbiz.de/10010490623
When workers send applications to vacancies they create a bipartite network. Coordination frictions arise if workers …. Only wage mechanisms that allow for ex post competition generate the maximum matching on a realized network. We show that … random search with ex post competition in wages leads to the maximum number of matches and is socially efficient in terms of …
Persistent link: https://www.econbiz.de/10010343782
turnover during booms. We argue that on the job search models are able to capture non-parallel shifts in the employment growth …
Persistent link: https://www.econbiz.de/10010340557
theory to a flexible unobserved components model: we disentangle permanent and transitory components of matching efficiency … and separation rate as well as unemployment and vacancies. Cointegration and identification are addressed. We find that … matching efficiency and separation rate each account for about half of the inward shift. Thereby, the increase in trend …
Persistent link: https://www.econbiz.de/10010487258
-displacement occupational matching in explaining the cost of job displacement. We combine German administrative data on the work history of …
Persistent link: https://www.econbiz.de/10010343781