Narrow search
Showing 1 - 10 of 18
Cover Image
An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2010
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...
Persistent link: https://www.econbiz.de/10010955922
Cover Image
East German Unemployment: The Myth of the Irrelevant Labor Market
Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2008
This paper indicates that East Germany’s unemployment originates primarily in the labor market, caused by the fast wage …
Persistent link: https://www.econbiz.de/10005076097
Cover Image
The Inflation-Output Tradeoff: Which Type of Labor Market Rigidity Is to Be Blamed?
Merkl, Christian - Institut für Weltwirtschaft (IfW) - 2009
In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the standard model is enhanced by real wage rigidities or...
Persistent link: https://www.econbiz.de/10005566197
Cover Image
An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10004992848
Cover Image
Extensive vs. Intensive Margin in Germany and the United States: Any Differences?
Merkl, Christian; Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2009
This papers analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...
Persistent link: https://www.econbiz.de/10008531660
Cover Image
Revisiting the Matching Function
Kohlbrecher, Britta; Merkl, Christian; Nordmeier, Daniela - Institut für Weltwirtschaft (IfW) - 2014
these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and …
Persistent link: https://www.econbiz.de/10010886896
Cover Image
Does Short-Time Work Save Jobs? A Business Cycle Analysis
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - Institut für Weltwirtschaft (IfW) - 2013
unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the … our baseline scenario the rule based component stabilizes unemployment fluctuations by 15% and output fluctuations by 7 … significant effect on unemployment. These effects are based on a structural VAR estimation which is identified using the output …
Persistent link: https://www.econbiz.de/10010886965
Cover Image
Some Surprising Facts about Working Time Accounts and the Business Cycle
Balleer, Almut; Gehrke, Britta; Merkl, Christian - Institut für Weltwirtschaft (IfW) - 2014
driver of the unusually small increase in German unemployment in the Great Recession. One possible explanation is that firms …
Persistent link: https://www.econbiz.de/10010905562
Cover Image
Selective Hiring and Welfare Analysis in Labor Market Models
Merkl, Christian; Rens, Thijs van - Institut für Weltwirtschaft (IfW) - 2012
predictions of the model change very little, but the welfare costs of unemployment are much larger because unemployment risk is … distributed unequally across workers. As a result, optimal unemployment insurance may be higher and welfare is lower if hiring is …
Persistent link: https://www.econbiz.de/10009421565
Cover Image
They Are Even Larger! More (on) Puzzling Labor Market Volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - Institut für Weltwirtschaft (IfW) - 2009
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10004987458