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The Ins and Outs of Unemployment in the Long Run: Unemployment Flows and the Natural Rate
Tasci, Murat - 2012
This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …
Persistent link: https://www.econbiz.de/10010500228
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The ins and outs of unemployment in the long run : unemployment flows and the natural rate
Tasci, Murat - 2012 - This version: October 2012, First version: August 2010
This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …
Persistent link: https://www.econbiz.de/10009668477
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The Ins and Outs of Unemployment in the Long Run : A New Estimate for the Natural Rate?
Tasci, Murat - 2011
uncover the trend changes in these flows, which determine the trend in the unemployment rate. We argue that this trend rate … margin after 2000, pushing trend unemployment up. But the trend in the separation rate has somewhat offset that effect, with … unemployment rate, most of the low-frequency variation in the rate can be accounted for by changes in the trend of the separation …
Persistent link: https://www.econbiz.de/10013132287
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The Ins and Outs of Unemployment in the Long Run : Unemployment Flows and the Natural Rate
Tasci, Murat - 2012
This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved-components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time-varying estimate of the unemployment trend, the …
Persistent link: https://www.econbiz.de/10013098216
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Unemployment Flows, Participation, and the Natural Rate for Turkey
Sengul, Gonul - 2015
This paper measures flow rates into and out of unemployment for Turkey and uses them to estimate the unemployment rate … trend, that is, the unemployment rate to which the economy converges in the long run. In doing so, the paper explores the … role of labor force participation in determining the unemployment rate trend. We find an inverse V-shaped pattern for …
Persistent link: https://www.econbiz.de/10013032138
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Search Frictions and the Labor Wedge
Pescatori, Andrea; Tasci, Murat - 2011
This paper assesses whether labor market frictions, in the form of searching and matching, can help explain movements in the labor wedge - the gap between the marginal rate of substitution (MRS) and the marginal productivity of labor in a perfectly competitive business cycle model. Results...
Persistent link: https://www.econbiz.de/10010500176
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Search frictions and the labor wedge
Pescatori, Andrea; Tasci, Murat - 2011
This paper assesses whether labor market frictions, in the form of searching and matching, can help explain movements in the labor wedge - the gap between the marginal rate of substitution (MRS) and the marginal productivity of labor in a perfectly competitive business cycle model. Results...
Persistent link: https://www.econbiz.de/10009007771
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Search Frictions and the Labor Wedge
Pescatori, Andrea - 2011
This paper assesses whether labor market frictions, in the form of searching and matching, can help explain movements in the labor wedge - the gap between the marginal rate of substitution (MRS) and the marginal productivity of labor in a perfectly competitive business cycle model. Results...
Persistent link: https://www.econbiz.de/10013125946
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On-the-Job Search and Labor Market Reallocation
Tasci, Murat - 2008
labor productivity in the U.S. show that standard deviations for unemployment, vacancies and market tightness (vacancy-unemployment … unemployment and vacancies over business cycle frequencies (i.e. it is consistent with the Beveridge curve) …
Persistent link: https://www.econbiz.de/10012723659
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Minimum wage increases and vacancies
Kudlyak, Marianna; Tasci, Murat; Tüzemen, Didem - 2022
Using a unique data set and a novel identification strategy, we estimate the effect of minimum wage increases on job vacancy postings. Utilizing occupation-specific county- level vacancy data from the Conference Board's Help Wanted Online for 2005-2018, we find that state-level minimum wage...
Persistent link: https://www.econbiz.de/10013187552