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When Institutions Interact : How the Effects of Unemployment Insurance are Shaped by Retirement Policies

Gudgeon, Matthew; Guzman, Pablo; Schmieder, Johannes; … - National Bureau of Economic Research - 2023

This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in a first-order way on the structure of retirement policies. Using German data, we first present reduced-form evidence of these interactions, documenting large bunching in UI...

Persistent link: https://www.econbiz.de/10014421233

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

Labor-market volatility in a matching model with worker heterogeneity and endogenous separations

Chassamboulli, Andri - In: Labour Economics 24 (2013) C, pp. 217-229

This paper shows that introducing worker heterogeneity into a standard search and matching model can help increase the …

Persistent link: https://www.econbiz.de/10010719509

An Incentive Theory of Matching

Brown, Alessio J G; Merkl, Christian; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

Persistent link: https://www.econbiz.de/10005000439

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

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

Chapter 18 Job reallocation, employment fluctuations and unemployment

Mortensen, Dale T.; Pissarides, Christopher A. - In: Handbook of macroeconomics : volume 1, part B, (pp. 1171-1228). 1999

The purpose of this chapter is twofold. First, it reviews the model of search and matching equilibrium and derives the … to the explanation of differences in unemployment rates in industrialized countries. The search and matching model is … built on the assumptions of a time-consuming matching technology that determines the rate of job creation given the …

Persistent link: https://www.econbiz.de/10014024227

Reducing severance costs or subsidizing permanent job creation : which policy is more effective to reduce duality?

Osuna, Victoria - 2015

matching type by García-Pérez and Osuna (Dual labour markets and the tenure distribution: Reducing severance pay or introducing …

Persistent link: https://www.econbiz.de/10011290858

Do low-skilled workers gain from high-tech employment growth? : high-technology multipliers, employment and wages in Britain

Lee, Neil; Clarke, Stephen - In: Research policy : policy, management and economic … 48 (2019) 9, pp. 1-11

Persistent link: https://www.econbiz.de/10012298923

Moral Hazard and Unemployment in Competitive Equilibrium

Rey, Patrick; Stiglitz, Joseph E. - National Bureau of Economic Research - 2024

Principal-agent models take outside options, determining participation and incentive constraints, as given. We construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit are instead determined endogenously. We simultaneously...

Persistent link: https://www.econbiz.de/10014635663