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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
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
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
Aggregate productivity growth can be decomposed into growth within establishments, between establishments, and the impact of entering and exiting establishments. We demonstrate that such a productivity decomposition formula can also be used for studying intraestablishment restructuring through...
Persistent link: https://www.econbiz.de/10005408335
This paper considers a two-period optimal contracting model in which firms make new hires in the second period subject to the constraint that they cannot pay discriminate either against or in favour of the new hires. Under an assumption on the information available to workers, it is shown that...
Persistent link: https://www.econbiz.de/10005556751
Observers of Silicon Valley’s computer cluster report that employees move rapidly between competing firms, but evidence supporting this claim is scarce. Job-hopping is important in computer clusters because it facilitates the reallocation of talent and resources toward firms with superior...
Persistent link: https://www.econbiz.de/10005556771
Previous emperical analyses of job mobility focus on worker rather than firm characteristics. This paper exploits a unique data set on enterprise employment. We describe sectoral difference in turnover rates and in the persistence of turnover. We also present evidence of persistent turnover...
Persistent link: https://www.econbiz.de/10005556831
This paper is part of a project that attempts to reveal the way labour market institutions, human capital and labour productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that could be solved if the approaches are combined. It...
Persistent link: https://www.econbiz.de/10005125046