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Shimer and Hall point out how new measurements of the job finding probability explain unemployment volatility significantly …
Persistent link: https://www.econbiz.de/10005069220
the unemployment rate. I show that a simple frictionless business cycle model with heterogeneity and a simple form of on … employment growth. Worker flows are related to both employment growth and the unemployment rate, and quits and hires are …-the-job search, and quits beget hires to replace quitters. High unemployment crowds out quits, shortens the hiring chain, reduces the …
Persistent link: https://www.econbiz.de/10009149140
We examine how much of the observed wage dispersion among similar workers can be explained as a consequence of a lack of coordination among employers. To do this, we construct a directed search model with homogenous workers but where firms can create either good or bad jobs, aimed at either...
Persistent link: https://www.econbiz.de/10005126186
obesity and wages. As previously reported in the literature, the association between obesity, unemployment and wages seems to … somewhat explained by some labor market institutions, such as the collective bargaining coverage and the employer …
Persistent link: https://www.econbiz.de/10005556804