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matching methodology, in the case of multiple treatments, in order to evaluate the difference between the survival function the …
Persistent link: https://www.econbiz.de/10005408373
This paper provides a simple matching model in which unemployed workers and employers in large firms can be matched … increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …
Persistent link: https://www.econbiz.de/10005412695
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
Persistent link: https://www.econbiz.de/10005125711
We investigate the steady decline in aggregate unemployment rates in Korea since the 1960's. We argue that a pronounced … decrease in the intensity of reallocation shocks, which resulted in a downward trend in the natural rate of unemployment, has … been an important factor in this decline. Our claim is based on a structural search-matching model, the times series of job …
Persistent link: https://www.econbiz.de/10005125761
The recent reform of the federal welfare system is meant to encourage recipients to leave welfare and enter the workforce. If the reform is successful there are likely to be effects felt throughout the low-- skilled end of the labor market. As former welfare recipients enter the labor market,...
Persistent link: https://www.econbiz.de/10005125827
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial services. We develop a model with heterogeneous workers and two sectors economy. A manufacturing sector producing a final composite good and a financial sector providing monetary...
Persistent link: https://www.econbiz.de/10005126418
Recently, there has been a lively debate between Cooper and Willis (2001,2002,2003a, 2003b) and Caballero and Engel (2004) about the apropriateness of the so-called 'gap approach' to labor adjustment. Cooper and Willis claim that the gap approach is unable to identify non- convex adjustment...
Persistent link: https://www.econbiz.de/10005126476
This study presents, motivates, and illustrates the use of a computational laboratory for the investigation of evolutionary trade network formation among strategically interacting buyers, sellers, and dealers. The computational laboratory, referred to as the Trade Network Game Laboratory (TNG...
Persistent link: https://www.econbiz.de/10005134562