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Chapter 7. Search in Macroeconomic Models of the Labor Market
Rogerson, Richard; Shimer, Robert - In: Handbook of labor economics : volume 4, part A, (pp. 619-700). 2011
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10014025126
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Adjusting Labor Along The Intensive Margins
Hamermesh, Daniel S.; Biddle, Jeff - National Bureau of Economic Research - 2024
We expand the analysis of cyclical changes in labor demand by decomposing changes along the intensive margin into those in days/week and in hours/day. Using large cross sections of U.S. data, 1985-2018, we observe around 1/4 of the adjustment in weekly hours occurring through changing days/week....
Persistent link: https://www.econbiz.de/10014635715
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Pitfalls in the modeling of labor market flows : a reappraisal
Baussola, Maurizio; Ferretti, Camilla; Mussida, Chiara - In: International review of applied economics 33 (2019) 6, pp. 852-877
Persistent link: https://www.econbiz.de/10012182364
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Another economic miracle? : the German labor market and the great recession
Rinne, Ulf; Zimmermann, Klaus F. - In: IZA journal of labor policy 1 (2012), pp. 1-21
Germany’s labor market responded only mildly to the Great Recession. Important factors for this development include the strong economic position due to recent labor market reforms, the crisis affecting mainly export-oriented companies, the extension of short-time work, time buffers due to...
Persistent link: https://www.econbiz.de/10009686542
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Structural or cyclic? : labor markets in recessions : how should policy respond to higher unemployment?
Lazear, Edward P. - 2014
Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …
Persistent link: https://www.econbiz.de/10011413609
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Identifying and addressing employment barriers in Belgium, Korea and Norway
Fernández, Rodrigo; Hijzen, Alexander; Pacifico, Daniele; … - 2020
This paper documents joblessness in OECD countries, provides a detailed diagnosis of structural employment barriers in Belgium, Korea and Norway by applying the OECD Faces of Joblessness methodology to the situation just before the COVID-19 crisis and discusses the policy implications. It shows...
Persistent link: https://www.econbiz.de/10012312286
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Can hiring subsidies benefit the unemployed? : hiring subsidies can be a very cost-effective way of helping the unemployed, but only when they are carefully targeted
Brown, Alessio J. G. - 2015
Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects …, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment … costeffective and efficient means of reducing unemployment, during both periods of economic stability and recovery. …
Persistent link: https://www.econbiz.de/10011432202
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Short-time work compensations and employment : temporary government schemes can have a positive economic effect
Cahuc, Pierre - 2014
Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...
Persistent link: https://www.econbiz.de/10011413675
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Recruiting intensity : recruiting intensity is critical for understanding fluctuations in the labor market
Faberman, R. Jason - 2014
When hiring new workers, employers use a wide variety of different recruiting methods in addition to posting a vacancy announcement, such as adjusting education, experience or technical requirements, or offering higher wages. The intensity with which employers make use of these alternative...
Persistent link: https://www.econbiz.de/10011414176
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Industrial decline and labor reallocation in a transforming economy : Romania in early transition
Earle, John S. - In: IZA journal of labor & development 1 (2012), pp. 1-18
other industrial sectors, in agriculture, and in services, as well as unemployment and non-participation in the labor force …
Persistent link: https://www.econbiz.de/10009685011