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Reiter, Michael; Woitek, Ulrich - Department of Economics and Business, Universitat … - 1999

The aim of this paper is to test formally the classical business cycle hypothesis, using data from industrialized countries for the time period since 1960. The hypothesis is characterized by the view that the cyclical structure in GDP is concentrated in the investment series: fixed investment...

Persistent link: https://www.econbiz.de/10005707968

A simple model of multiple equilibria based on risk

Costain, James S. - Department of Economics and Business, Universitat … - 1998

period job matching model is studied, in which risk averse agents act both as workers and as entrepreneurs. They choose …

Persistent link: https://www.econbiz.de/10005772131

A Matching Model of the Housing Market: Searching for a Motivated Partner

Albrecht, James; Anderson, Axel - Society for Economic Dynamics - SED - 2004

We construct a bilateral search model of the housing market in which agents differ in their flow rewards while … rewards if they do not transact in the meantime. We characterize the equilibrium steady state matching pattern and compare … this to the constrained efficient matching pattern. We also characterize the joint distribution of price and time to sale …

Persistent link: https://www.econbiz.de/10004970343

On the quantitative importance of wage bargaining models

Costain, James S. - Department of Economics and Business, Universitat … - 1998

Four general equilibrium search models are compared quantitatively. The baseline framework is a calibrated … unemployment insurance, partly because search externalities magnify the effects of wage changes. The optimal level of unemployment … insurance depends strongly on whether raising benefits has a larger impact on search effort or on hiring expenditure. …

Persistent link: https://www.econbiz.de/10005772499

Job creation under liquidity constraints: The Spanish case

Rendón, Silvio - Department of Economics and Business, Universitat … - 2000

This paper shows that liquidity constraints restrict job creation even when labor markets are flexible. In a dynamic model of labor demand, I show that in an environment of imperfect capital and imperfect labor markets, firms use temporary contracts to relax financial constraints. Evidence for...

Persistent link: https://www.econbiz.de/10005772062

The labor market effects of payroll taxes in a middle-income country: Evidence from Colombia

Kugler, Adriana; Kugler, Maurice - Department of Economics and Business, Universitat … - 2003

We use a panel of manufacturing plants from Colombia to analyze how the rise in payroll tax rates over the 1980’s and 1990’s affected the labor market. Our estimates indicate that formal wages fall by between 1.4% and 2.3% as a result of a 10% rise in payroll taxes. This...

Persistent link: https://www.econbiz.de/10005772454

Employment protection, international specialization and innovation

Paul, Gilles Saint - Department of Economics and Business, Universitat … - 1996

We develop a model to analyse the implications of firing costs on incentives for R&D and international specialization. The Key idea is paying the firing cost, the country with a rigid labor market will tend to produce relatively secure goods, at a late stage of their product life cycle. Under...

Persistent link: https://www.econbiz.de/10005704983

The ins and outs of unemployment: An analysis conditional on technology shocks

Canova, Fabio; Lopez-Salido, David; Michelacci, Claudio - Department of Economics and Business, Universitat … - 2009

shocks in search and sticky price models. …

Persistent link: https://www.econbiz.de/10008529188

Foreign direct investments and spillovers through workers' mobility

Fosfuri, Andrea; Motta, Massimo; Ronde, Thomas - Department of Economics and Business, Universitat … - 1998

We analyze a model where a multinational firm can use its superior technology in a foreign subsidiary only after appropriate training of local managers. Technological spillovers from foreign direct investment arise when such managers are later hired by a local firm. Benefits for the host economy...

Persistent link: https://www.econbiz.de/10005827522

Coworker networks in the labour market

Glitz, Albrecht - Department of Economics and Business, Universitat … - 2013

This paper studies the role coworker-based networks play for individual labour market outcomes. I analyse how the provision of labour market relevant information by former coworkers affects the employment probabilities and, if hired, the wages of male workers who have previously become...

Persistent link: https://www.econbiz.de/10010711311