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The Dynamic Beveridge Curve
Fujita, Shigeru; Ramey, Garey - EconWPA - 2005
both the vacancy- unemployment ratio and employment. We show that the standard version of the Mortensen-Pissarides matching … the matching model with sunk costs, vacancies react sluggishly to shocks, leading to highly realistic dynamics. …
Persistent link: https://www.econbiz.de/10005561342
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Matching and Saving in Continuous Time: Theory
BAYER, Christian; WALDE, Klaus - Institut de Recherche Économique et Sociale (IRES), … - 2010
We analyse optimal saving of risk-averse households when labour income stochastically jumps between two states. The generalized Keynes-Ramsey rule includes a precautionary savings term. A phase diagram analysis illustrates consumption and wealth dynamics within and between states. There is an...
Persistent link: https://www.econbiz.de/10008505490
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Matching Models Under Scrutiny : Understanding the Shimer Puzzle
Gabriele, CARDULLO - Institut de Recherche Économique et Sociale (IRES), … - 2008
Two papers have recently questioned the quantitative consistency of the search and matching models. Shimer (2005) has … argued that a text-book matching model is unable to explain the cyclical variation of unemployment and vacancies in the U …
Persistent link: https://www.econbiz.de/10004984783
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Equilibrium Evaluation of Active Labor Market Programmes Enhancing Matching Effectiveness
Bruno, VAN DER LINDEN - Institut de Recherche Économique et Sociale (IRES), … - 2005
This paper evaluates counselling programmes in an equilibrium matching model where workers are heterogeneous in skill …
Persistent link: https://www.econbiz.de/10004984803
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Unemployment insurance and training in an equilibrium matching model with heterogeneous agents
Bruno, VAN DER LINDEN - Institut de Recherche Économique et Sociale (IRES), … - 2003
general equilibrium matching model is built where workers are heterogeneous and risk averse. Heterogeneity allows to look at …
Persistent link: https://www.econbiz.de/10004984915
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The net effect of unemployment benefits, sanctions and training on aggregate unemployment outflows
Van der Linden, Bruno; Dor, Eric - Institut de Recherche Économique et Sociale (IRES), … - 1998
This paper tries to bridge the gap between the theoretical and empirical analyses of the aggregate impacts of labor market policies (LMPs). Contrary to previous empirical studies, we conduct an econometric analysis based on sound theoretical foundations. The specification is based on an...
Persistent link: https://www.econbiz.de/10004984974
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Do the Higher Educated Unemployed Crowd out the Lower Educated Ones in a Competition for Jobs ?
COCKX, Bat; DEJEMEPPE, Muriel - Institut de Recherche Économique et Sociale (IRES), … - 2002
levels. We estimate the structural parameters of a matching function generalised to incorporate crowding out effects. We use …
Persistent link: https://www.econbiz.de/10004985063
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Labor Market Policies and Equilibrium Employment : Theory and Application for Belgium
Van der Linden, Bruno; Dor, Eric - Institut de Recherche Économique et Sociale (IRES), … - 2001
insurance system (the replacement ratio and the level of sanctions). It develops an equilibrium job matching model where active …
Persistent link: https://www.econbiz.de/10004985067
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Search Frictions on Product and Labor markets : Money in the Matching Function
Etienne, LEHMANN; Bruno, VAN DER LINDEN - Institut de Recherche Économique et Sociale (IRES), … - 2007
This paper builds a macroeconomic model of equilibrium unemployment in which firms persistently face difficulties in selling their production and this affects their decisions to create jobs. Due to search-frictins on the product market, equilibrium unemployment is a U-shaped function of the...
Persistent link: https://www.econbiz.de/10004984870
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Do workers really benefit from their social networks ?
FONTAINE, François - Institut de Recherche Économique et Sociale (IRES), … - 2008
This paper provides a simple matching model in which unemployed workers and employers can be matched together trough …
Persistent link: https://www.econbiz.de/10008505525