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Business Cycles and Compositional Variation in U.S. Unemployment
Abbring, Jaap H.; Berg, Gerard J. van den; Ours, Jan C. van - Tinbergen Instituut - 1997
In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration, compositional effects and duration dependence of the exit rate...
Persistent link: https://www.econbiz.de/10011257090
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Sorting and the Output Loss due to Search Frictions
Gautier, Pieter A.; Teulings, Coen N. - Tinbergen Instituut - 2011
We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs …
Persistent link: https://www.econbiz.de/10011257030
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Collective versus Decentralized Wage Bargaining and the Efficient Allocation of Resources
Cai, Xiaoming; Gautier, Pieter A.; Watanabe, Makoto - Tinbergen Instituut - 2012
An advantage of collective wage agreement is that search and business-stealing externalities can be internalized. A … worker type) can no longer signal this by posting higher wages. Specifically, we consider a search model with two sided … heterogeneity and on-the-job search. We compare the most favorable case of a collective wage agreement (i.e. the wage that a planner …
Persistent link: https://www.econbiz.de/10011257565
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Labor Market Matching under Imperfect Information
Willems, Tim - Tinbergen Instituut - 2010
Recent research has shown that the standard labor matching model hasdifficulties in reproducing the co …), shocks are propagated. Under this specificationthe standard matching model even manages to make recoveries initially jobless …
Persistent link: https://www.econbiz.de/10011257588
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Housework and Fiscal Expansions
Gnocchi, Stefano; Hauser, Daniela; Pappa, Evi - Bank of Canada - 2014
We build an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, in order to discipline consumption-hours complementarity and relate its strength to the size of fiscal multipliers. We show that if substitutability between home and market goods is...
Persistent link: https://www.econbiz.de/10010885042
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Changing Labour Market Participation Since the Great Recession: A Regional Perspective
Cheung, Calista; Granovsky, Dmitry; Velasco, Gabriella - Bank of Canada - 2015
This paper discusses broad trends in labour force participation and part-time employment across different age groups since the Great Recession and uses provincial data to identify changes related to population aging, cyclical effects and other factors. The main population age groups examined are...
Persistent link: https://www.econbiz.de/10011253081
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Intertemporal Substitution in Macroeconomics: Evidence from a Two-Dimensional Labour Supply Model with Money
Dib, Ali; Phaneuf, Louis - Bank of Canada - 2005
The hypothesis of intertemporal substitution in labour supply has a history of empirical failure when confronted with aggregate time-series data. The authors show that a two-dimensional labour supply model, adapted to an environment with money as originally proposed by Lucas and Rapping (1969)...
Persistent link: https://www.econbiz.de/10005162401
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Dynamic Employment and Hours Effects of Government Spending Shocks
Yuan, M.; Li, W. - Bank of Canada - 1999
equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the United States …
Persistent link: https://www.econbiz.de/10005536853
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Labor Market Participation, Unemployment and Monetary Policy
Campolmi, Alessia; Gnocchi, Stefano - Bank of Canada - 2014
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that …
Persistent link: https://www.econbiz.de/10010762042
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Technology Shocks, Labour Mobility and Aggregate Fluctuations
Hauser, Daniela - Bank of Canada - 2014
We provide evidence regarding the dynamic behaviour of net labour flows across U.S. states in response to a positive technology shock. Technology shocks are identified as disturbances that increase relative state productivity in the long run for 226 state pairs, encompassing 80 per cent of...
Persistent link: https://www.econbiz.de/10010762050