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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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Hiring And Firing Costs, Adverse Selection And The Persistence Of Unemployment
Kugler, Adriana D.; Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2000
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10005124276
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Life-cycle search, match quality and Japan’s labor market
Esteban-Pretel, Julen; Fujimoto, Junichi - In: Journal of the Japanese and International Economies 26 (2012) 3, pp. 326-350
Japan’s labor market, namely that the job separation and unemployment rates are U-shaped, whereas the job finding rate …
Persistent link: https://www.econbiz.de/10010869530
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A note on the life-cycle search and matching model with segmented labor markets
Fujimoto, Junichi - In: Economics Letters 121 (2013) 1, pp. 48-52
Recently, there has been renewed interest in labor search and matching models that incorporate a life-cycle structure by assuming finite horizons. Existing studies provide detailed analyses on the age dynamics of job creation and destruction, assuming that workers of all ages search for jobs in...
Persistent link: https://www.econbiz.de/10010702792
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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 its extensions, presents alternative formulations, considers the empirical evidence, and studies applications to macroeconomic questions such as business cycles, growth, and...
Persistent link: https://www.econbiz.de/10005792066
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Sclerosis and large volatilities: Two sides of the same coin
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - In: Economics Letters 117 (2012) 1, pp. 106-109
The labor market in Germany is more sclerotic and volatile than in the US. We show theoretically that sclerosis and large volatilities are two sides of the same coin. Both may be driven by large hiring costs and low quit rates.
Persistent link: https://www.econbiz.de/10010580537
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Gender and the business cycle : an analysis of labour markets in the US and UK
Razzu, Giovanni; Singleton, Carl - In: Journal of macroeconomics 47 (2016), pp. 131-146
Persistent link: https://www.econbiz.de/10011707563
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Wage Risk and Employment Risk Over the Life Cycle
Low, Hamish; Meghir, Costas; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2007
productivity risk from employment risk and identify the components of each using the Survey of Income and Program Participation and … unemployment insurance which provides (partial) insurance against employment risk and no insurance against persistent shocks. …
Persistent link: https://www.econbiz.de/10005123649
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Asset Accumulation and Short Term Employment
Browning, Martin; Crossley, Thomas F.; Smith, Eric F. - In: Review of Economic Dynamics 10 (2007) 3, pp. 400-423
If access to credit is limited (especially when young or unemployed) but "bad" jobs are easy to come by, then job seekers might use short term employment in undesirable jobs as a way to finance consumption during subsequent unemployed search for a "good" job. In this paper we explore this idea...
Persistent link: https://www.econbiz.de/10005069665
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The Dutch Tax-Benefit System and Life-Cycle Employment: Outcomes and Reform Options
Ernst, Ekkehard; Teuber, Timo - Economics Department, Organisation de Coopération et … - 2008
An overlapping-generations model with search unemployment is calibrated for the Netherlands to assess the impact of tax … replacement rates for pensioners, help to boost participation rates of older workers. On the other hand, a flat tax would promote … structural unemployment rate would not only help to avoid adverse effects of such a tax reform on the fiscal balance but would …
Persistent link: https://www.econbiz.de/10005045727