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This paper analyses euro area Beveridge curves at the euro area aggregate and country level over the past 25 years. Using an autoregressive distributed lag model, we find a significant outward shift and flattening of the euro area Beveridge curve since the onset of the crisis, but considerable...
Persistent link: https://www.econbiz.de/10011573235
stated that matching efficiency decreased. Using a new decomposition method, combined with detailed labour market flow data …, we are the first to disentangle supply-side, demand-side and matching factors, which could potentially cause a shift in … the shift in the Beveridge curve after 2014 was mainly caused by a decrease in matching efficiency, indicating a rising …
Persistent link: https://www.econbiz.de/10011962116
stated that matching efficiency decreased. Using a new decomposition method, combined with detailed labour market flow data …, we are the first to disentangle supply-side, demand-side and matching factors, which could potentially cause a shift in … the shift in the Beveridge curve after 2014 was mainly caused by a decrease in matching efficiency, indicating a rising …
Persistent link: https://www.econbiz.de/10012163054
of directed search based on non-wage amenities. Applications to vacancies attached to lower-skill occupations are …We leverage rich data from a prominent online job board in Uruguay to assess directed search patterns in job … applications, focusing on posted wages and advertised non-wage amenities. We find robust evidence of directed search based on …
Persistent link: https://www.econbiz.de/10015046083
We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market …
Persistent link: https://www.econbiz.de/10010251658
rates for Colombia for the period 1976 - 2012. The result is the first dataset capturing the evolution of vacancies for … between vacancies and unemployment with a structural change-an outward shift-around 1986. …
Persistent link: https://www.econbiz.de/10010466551
Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The …
Persistent link: https://www.econbiz.de/10014507179
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor … disproportionately. Firms respond by posting additional vacancies, and the strength of the response is increasing in firm productivity …
Persistent link: https://www.econbiz.de/10014469323
relative wages of job-to-job movers over a similar period. We develop a search model in which firms may offer tenure …-based contracts like DB pensions to reduce the incidence of costly on-the-job search by workers. Either reduced search costs or an … increase in the probability of job matches can, under fairly general conditions, lower the value of deterring search and the …
Persistent link: https://www.econbiz.de/10012727115
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … cycle volatility and matching the lack of a long-run relationship between vacancy creation and inflation. With regard to …
Persistent link: https://www.econbiz.de/10010274434