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Employment and hours over the business cycle in a model with search frictions
Kudoh, Noritaka; Miyamoto, Hiroaki; Sasaki, Masaru - In: Review of economic dynamics 31 (2019), pp. 436-461
Persistent link: https://www.econbiz.de/10012229471
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Labor Market Cycles, Unemployment Insurance Eligibility, and Moral Hazard
Faig, Miquel; Zhang, Min - In: Review of Economic Dynamics 15 (2012) 1, pp. 41-56
If entitlement to UI benefits must be earned with employment, generous UI is an additional benefit to working, so, by itself, it promotes job creation. If individuals are risk neutral, then there is a UI contribution scheme that eliminates any effect of UI on employment decisions. As with...
Persistent link: https://www.econbiz.de/10009293001
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TFP during a credit crunch
Petrosky-Nadeau, Nicolas - In: Journal of Economic Theory 148 (2013) 3, pp. 1150-1178
The financial crisis of 2008 was followed by sharp contractions in aggregate output and employment and an unusual increase in aggregate total factor productivity (TFP). This paper attempts to explain these facts by modeling the creation and destruction of jobs in the presence of heterogeneity in...
Persistent link: https://www.econbiz.de/10010665752
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On the cyclicality of unemployment: Resurrecting the participation margin
Ebell, Monique - In: Labour Economics 18 (2011) 6, pp. 822-836
This paper considers a real business cycle model with search frictions in the labor market and labor supply which is …
Persistent link: https://www.econbiz.de/10010573899
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Cyclical behavior of unemployment and job vacancies in Japan
Miyamoto, Hiroaki - In: Japan and the World Economy 23 (2011) 3, pp. 214-225
This paper studies whether the Mortensen and Pissarides (MP) search and matching model can explain the observed labor …
Persistent link: https://www.econbiz.de/10010574383
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Search and Matching in Macroeconomics
Yashiv, Eran - C.E.P.R. Discussion Papers - 2006
This paper surveys the use of search and matching models in macroeconomics. It outlines the standard model, discusses …
Persistent link: https://www.econbiz.de/10005792066
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Evaluating the Performance of the Search and Matching Model
Yashiv, Eran - C.E.P.R. Discussion Papers - 2005
Does the search and matching model fit aggregate US labour market data? While the model has become an important tool of …
Persistent link: https://www.econbiz.de/10005124215
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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 … market outcomes for a large set of OECD countries. We then ask how models with search improve our understanding of these data …. Our results are mixed. Search models are useful for interpreting the behavior of some additional data series, but search …
Persistent link: https://www.econbiz.de/10014025126
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The Consumption-Tightness Puzzle
Ravn, Morten - National Bureau of Economic Research (NBER) - 2006
forgoing the expected benefits of being search active and engaging in costly labor market search. The model induces a symmetry … in firms%u2019 and workers%u2019 search decision since both sides of the labor market vary search effort at the extensive … from allowing for the extensive search margin. …
Persistent link: https://www.econbiz.de/10005084940
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The Consumption-Tightness Puzzle
Ravn, Morten O - C.E.P.R. Discussion Papers - 2006
expected benefits of being search active and engaging in costly labour market search. In contrast to models with constant … labour force participation, the model that we analyse induces a symmetry in firms' and workers' search decision since both … sides of the labour market vary search effort at the extensive margins. We show that this set-up is (a) of considerable …
Persistent link: https://www.econbiz.de/10005667092