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Labor disruption costs and real wages cyclicality
Cervini-Plá, María; Silva, José I.; … - Volkswirtschaftliche Fakultät, … - 2012
In this paper, we propose a matching and search model with adjustment costs in the form of labor disruption charges …
Persistent link: https://www.econbiz.de/10011107808
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Health insurance as a productive factor
Dizioli, Allan; Pinheiro, Roberto B. - Volkswirtschaftliche Fakultät, … - 2012
In this paper, we present a less-explored channel through which health insurance impacts productivity: by offering health insurance, employers reduce the expected time workers spend out of work in sick days. Using data from the Medical Expenditure Panel Survey (MEPS), we show that a worker with...
Persistent link: https://www.econbiz.de/10011112740
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Australian labour market flows over the business cycle
Chindamo, Phillip - Volkswirtschaftliche Fakultät, … - 2010
job search activities of workers are potentially more relevant in explaining the volatility of labour market variables … search and skills development of workers are important, as is the search intensity of workers. …
Persistent link: https://www.econbiz.de/10009401324
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Labor Market Rigidity and Business Cycle Volatility
Jung, Philip; Kuhn, Moritz - Volkswirtschaftliche Fakultät, … - 2011
, namely a lower efficiency in matching unemployed workers to open positions in Germany. Alternative explanations like …-country difference. The lower matching efficiency leads to a substantial propagation of shocks. After an adverse shock peak unemployment …
Persistent link: https://www.econbiz.de/10011259260
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A Mechanism of Cyclical Volatility in the Vacancy-Unemployment Ratio: What Is the Source of Rigidity?
Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2011
The conventional search and matching model has been criticized for its inability to explain large cyclical volatility …
Persistent link: https://www.econbiz.de/10009228915
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Explaining the Joint Behavior of Employment, Unemployment and Nonparticipation
Moon, Weh-Sol - Volkswirtschaftliche Fakultät, … - 2008
This paper argues that existing matching models with unemployment as an active search and nonparticipation as an … inactive search predict counterfactual results: the unemployment rate is at most two times as volatile as the … variables are perfectly correlated with each other. This paper proposes a modified matching model in which workers are …
Persistent link: https://www.econbiz.de/10005790049
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Testing Goodwin’s Growth Cycle Disaggregated Models: Evidence from the Input-Output Table of the Greek Economy for the Year 1988
Rodousakis, Nikolaos - Volkswirtschaftliche Fakultät, … - 2010
This paper tests empirically the well-known Goodwin’s ‘growth cycle’ disaggregated models, using data from the symmetric input-output table of the Greek economy for the year 1988. It is found that from qualitative as well as quantitative point of view, both models are not adequate to...
Persistent link: https://www.econbiz.de/10008548831
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Revisiting Okun's law for Mexico: an analysis of the permanent and transitory components of unemployment and output
Islas-Camargo, Alejandro; Cortez, Willy W. - Volkswirtschaftliche Fakultät, … - 2011
Unlike usual estimation techniques, we follow Clark (1989) to estimate the correlation between the transitory components of unemployment and output as part of a system of correlations between the permanent and transitory components of both series. This model provides better estimate of the...
Persistent link: https://www.econbiz.de/10008924827
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Business cycle with nominal contracts and search frictions
Moon, Weh-Sol - Volkswirtschaftliche Fakultät, … - 2011
This paper examines a dynamic stochastic general equilibrium (DSGE) model containing exible prices, search frictions …
Persistent link: https://www.econbiz.de/10009147714
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Real Business Cycles in The Model with Two-Person Household and Home Production
Bornukova, Kateryna - Volkswirtschaftliche Fakultät, … - 2009
In the U.S. economy hours and productivity are negatively correlated, and volatility of hours is two times higher than volatility of productivity. In the standard one shock RBC model hours are positively correlated with productivity, and hours are two times less volatile than productivity. This...
Persistent link: https://www.econbiz.de/10008645067