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Applications and Interviews - A Structural Analysis of Two-Sided Simultaneous Search

Wolthoff, Ronald P. - CESifo - 2011

their application and hiring decisions. I analyze the magnitude of these frictions. For this purpose, I present an … and firms. This ignores the frictions that arise when workers and firms meet in a multilateral way and cannot coordinate … determine the loss in social surplus compared to a Walrasian world. Frictions on the worker and the firm side each cause …

Persistent link: https://www.econbiz.de/10008833885

Uncertainty and Economic Activity: A Global Perspective

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - CESifo - 2014

The 2007-2008 global financial crisis and the subsequent anemic recovery have rekindled academic interest in quantifying the impact of uncertainty on macroeconomic dynamics based on the premise that uncertainty causes economic activity to slow down and contract. In this paper, we study the...

Persistent link: https://www.econbiz.de/10010757723

Entrepreneurship, Economic Conditions, and the Great Recession

Fairlie, Robert W. - CESifo - 2013

The “Great Recession” resulted in many business closings and foreclosures, but what effect did it have on business formation? On the one hand, recessions decrease potential business income and wealth, but on the other hand they restrict opportunities in the wage/salary sector leaving the net...

Persistent link: https://www.econbiz.de/10010877680

Reforming an Insider-Outsider Labor Market: The Spanish Experience

Bentolila, Samuel; Dolado, Juan Jose; Jimeno, Juan F. - CESifo - 2011

This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees makes real reform much harder, and leads to purely marginal changes that do not alter...

Persistent link: https://www.econbiz.de/10009386357

'By a Silken Thread': Regional Banking Integration and Pathways to Financial Development in Japan's Great Recession

Hoffmann, Mathias; Okubo, Toshihiro - CESifo - 2013

: financing frictions for credit-dependent firms were more severe in less integrated prefectures, which saw larger decreases in …

Persistent link: https://www.econbiz.de/10010607005

When Credit Dries Up: Job Losses in the Great Recession

Bentolila, Samuel; Jansen, Marcel; Jiménez, Gabriel; … - CESifo - 2013

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks’ health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...

Persistent link: https://www.econbiz.de/10010723542

Two-Tier Labor Markets in the Great Recession: France vs. Spain

Bentolila, Samuel; Cahuc, Pierre; Dolado, Juan Jose; … - CESifo - 2010

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in France, unemployment rate has increased by 2 percentage...

Persistent link: https://www.econbiz.de/10008799735

Do Economic Crises Lead Tourists to Closer Destinations? An Analysis of Italy's Regional Data

Cafiso, Gianluca; Cellini, Roberto; Cuccia, Tiziana - CESifo - 2015

This article investigates whether the distance between origin and destination has played an increased role in shaping Italy’s domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism destinations, as a consequence of the economic crisis,...

Persistent link: https://www.econbiz.de/10011202961

Term Length and the Quality of Appointments

Glazer, Amihai; Kanniainen, Vesa - CESifo - 2000

effort the incumbent principal devotes to hiring. Then the quality of the appointment may increase with the length of the … leaves office, may induce better hiring. …

Persistent link: https://www.econbiz.de/10005765826

Wages and Recruitment: Evidence from External Wage Changes

Falch, Torberg - CESifo - 2013

This paper estimates the causal effect of the wage on the recruitment rate at the establishment level. During the 1990s … schools with severe recruitment problems in the past and located in one specific region. The empirical approach exploits … for teachers. In a difference-in-differences framework, I find that the wage premium increased the recruitment rate by 6 …

Persistent link: https://www.econbiz.de/10010877907