Sector-specific productivity shocks in a matching model

by Dennis Wesselbaum

Shocks driving the business cycle have different effects on low-skilled and high-skilled workers. This paper studies the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary sector-specific shocks have reallaction and aggregate effects. Permanent shocks explain wedges in real wages and different performances in labor markets. Furthermore, the model is able to replicate an aggregate Beveridge curve. -- Beveridge Curve ; Matching ; Sectoral Productivity Shock

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Year of publication:	2010
Authors:	Wesselbaum, Dennis
Publisher:	Kiel : Kiel Inst. for the World Economy
Subject:	Beveridge-Kurve \| Beveridge curve \| Produktivität \| Productivity \| Schock \| Shock \| Branche \| Economic sector \| Neoklassische Synthese \| Neoclassical synthesis \| Matching \| Zeitökonomie \| Economy of time \| Qualifikation \| Occupational qualification \| Allokation \| Allocation \| Theorie \| Theory

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Extent:	Online-Ressource (PDF-Datei: 24 S.) graph. Darst.
Series:	Kiel working paper. - Kiel : [Verlag nicht ermittelbar], ISSN 1862-1155, ZDB-ID 2107612-1. - Vol. 1585
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/30054 [Handle]
Classification:	E24 - Employment; Unemployment; Wages ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets
Source:	ECONIS - Online Catalogue of the ZBW

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