Similar Search Results

A formal test of assortative matching in the labor market

Abowd, John M.; Kramarz, Francis; Pérez-Duarte, Sébastien - 2009

Persistent link: https://www.econbiz.de/10003914371

The causes and economic consequences of envy

Cabrales, Antonio - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 4, pp. 371-386

In this lecture I first give an explanation for invidious preferences based on the (evolutionary) competition for resources. Then I show that these preferences have wide ranging and empirically relevant effects on labor markets, such as: workplace skill segregation, gradual promotions, wage...

Persistent link: https://www.econbiz.de/10009355901

u* = √uv

Michaillat, Pascal; Saez, Emmanuel - National Bureau of Economic Research - 2022

Most governments are mandated to maintain their economies at full employment. We propose that the best marker of full employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of labor--both jobseeking and recruiting. The...

Persistent link: https://www.econbiz.de/10013334429

The macro-dynamics of sorting between workers and firms

Lise, Jeremy; Robin, Jean-Marc - 2013

We develop an equilibrium model of on-the-job search with ex-ante heterogeneous workers and firms, aggregate uncertainty and vacancy creation. The model produces rich dynamics in which the distributions of unemployed workers, vacancies and worker-firm matches evolve stochastically over time. We...

Persistent link: https://www.econbiz.de/10009785890

Short-term gain or pain? : a DSGE model-based analysis of the short-term effects of structural reforms in labour and product markets

Cacciatore, Matteo; Duval, Romain; Fiori, Giuseppe - 2012

This paper explores the short-term effects of labour and product market reforms through a dynamic general equilibrium model that features endogenous producer entry, equilibrium unemployment and costly job creation and destruction. Unlike in existing work, the link between labour and product...

Persistent link: https://www.econbiz.de/10009690169

Unemployment crises

Petrosky-Nadeau, Nicolas; Zhang, Lu - 2014 - Last rev.: July 16, 2014

A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to … labor market conditions, along with the congestion externality from matching frictions, cause the unemployment rate to rise …

Persistent link: https://www.econbiz.de/10010411443