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Kohlbrecher, Britta; Merkl, Christian; Nordmeier, Daniela - Institute for the Study of Labor (IZA) - 2014

comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb … negative time trend in estimated matching functions. In addition, the full nonlinear combined model generates highly asymmetric …

Persistent link: https://www.econbiz.de/10011103268

Does Short-Time Work Save Jobs? A Business Cycle Analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - Institute for the Study of Labor (IZA) - 2013

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...

Persistent link: https://www.econbiz.de/10011188129

An Incentive Theory of Matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

Persistent link: https://www.econbiz.de/10004961441

They Are Even Larger! More (on) Puzzling Labor Market Volatilities

Gartner, Hermann; Merkl, Christian; Rothe, Thomas - Institute for the Study of Labor (IZA) - 2009

vacancies) divided by the volatility of labor productivity is roughly twice as large as in the United States. We derive and …

Persistent link: https://www.econbiz.de/10005015481

Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective

Sahin, Afsin; Tansel, Aysit; Berument, Hakan - Institute for the Study of Labor (IZA) - 2013

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are long-run relationships for the aggregate output with...

Persistent link: https://www.econbiz.de/10010884236

Macroeconomic Volatilities and the Labor Market: First Results from the Euro Experiment

Merkl, Christian; Schmitz, Tom - Institute for the Study of Labor (IZA) - 2010

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone offers an unprecedented experiment for this exercise: since 1999, no national monetary policies have been implemented that could account for volatility differences across...

Persistent link: https://www.econbiz.de/10008611512

Monetary Persistence and the Labor Market: A New Perspective

Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2008

It is common knowledge that the standard New Keynesian model is not able to generate a persistent response in output to temporary monetary shocks. We show that this shortcoming can be remedied in a simple and intuitively appealing way through the introduction of labor turnover costs (such as...

Persistent link: https://www.econbiz.de/10005761760

Some Surprising Facts about Working Time Accounts and the Business Cycle

Balleer, Almut; Gehrke, Britta; Merkl, Christian - Institute for the Study of Labor (IZA) - 2015

Working time accounts (WTAs) allow firms to smooth hours worked over time. This paper analyzes whether this increase in flexibility has also affected how firms adjust employment in Germany. Using a rich microeconomic dataset, we show that firms with WTAs show a similar separation and hiring...

Persistent link: https://www.econbiz.de/10011196653

Labor Mobility across the Formal/Informal Divide in Turkey: Evidence from Individual Level Data

Tansel, Aysit; Kan, Elif Oznur - Institute for the Study of Labor (IZA) - 2012

Informality has long been a salient phenomenon in developing country labor markets, thus has been addressed in several theoretical and empirical research. Turkey, given its economic and demographic dynamics, provides rich evidence for a growing, heterogeneous and multifaceted informal labor...

Persistent link: https://www.econbiz.de/10009416951

Determinants of Transitions across Formal / Informal Sectors in Egypt

Tansel, Aysit; Ozdemir, Zeynel Abidin - Institute for the Study of Labor (IZA) - 2015

Informality is a salient feature of labor market in Egypt as it is the case with many developing countries. This is the first study of the determinants of worker transitions between various labor market states using panel data from Egypt. We first provide a diagnosis of dynamic worker flows...

Persistent link: https://www.econbiz.de/10011125863