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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
How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the medium term evolution of real wages and competitiveness? To answer these...
Persistent link: https://www.econbiz.de/10005651878
-sector general quilibrium model featuring matching frictions, heterogenous abilities and an informal sector with tax evasion. The …
Persistent link: https://www.econbiz.de/10005207263
Based on administrative data from the federal employment office in Germany, we apply matching techniques to estimate …
Persistent link: https://www.econbiz.de/10005125736
Persistent link: https://www.econbiz.de/10005125814
We provide a matching model where identical workers are embedded in ex- ante identical social networks. Job arrival … necessary induce stickiness in unemployment dynamics. Our endogenous matching technology shows that the effects of networks on …
Persistent link: https://www.econbiz.de/10005408313
This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched …
Persistent link: https://www.econbiz.de/10005412695
unemployment among job-seekers. Using exact matching on labour market history and personal characteristics we find positive effects …
Persistent link: https://www.econbiz.de/10005651825
occur at any point in time. By relating the standard matching approach to the timing-of-events approach, it demonstrates … duration. The contamination of the standard matching estimator due to later entries into treatment is large if the treatment …
Persistent link: https://www.econbiz.de/10005651836
This study reports the results from a repeat survey among managers in Swedish manufacturing, designed to explore how a severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998, when the unemployment rate was much higher, and the...
Persistent link: https://www.econbiz.de/10005207250