Similar Search Results

Local market scale and the pattern of job changes among young men

Wheeler, Christopher H. (contributor) - 2005

"In finding a career, workers tend to make numerous job changes, with the majority of 'complex' changes (i.e. those involving changes of industry) occurring relatively early in their working lives. This pattern suggests that workers tend to experiment with different types of work before settling...

Persistent link: https://www.econbiz.de/10002977389

A Theory of Targeted Search

Restrepo-Echavarria, Paulina; Cheremukhin, Anton A.; … - Federal Reserve Bank of St. Louis - 2013

We present a theory of targeted search, where people with a finite information processing capacity search for a match …. Our theory explicitly accounts for both the quantity and the quality of matches. It delivers a unique equilibrium that … is inefficient relative to the constrained Pareto allocation. Our theory encompasses the outcomes of the random matching …

Persistent link: https://www.econbiz.de/10010951612

A State-Level Analysis of the Great Moderation

Owyang, Michael T.; Piger, Jeremy; Wall, Howard J. - Society for Computational Economics - SCE; Federal … - 2006

A number of studies have documented a reduction in aggregate macroeconomic volatility beginning in the early 1980s. Using an empirical model of business cycles, we extend this line of research to state-level employment data, find significant heterogeneity in the timing and magnitude of the...

Persistent link: https://www.econbiz.de/10005342964

Another look at sticky prices and output persistence

Wang, Peng-fei (contributor); Wen, Yi (contributor) - 2005

"Price rigidity is the key mechanism for propagating business cycles in traditional Keynesian theory. Yet the New …

Persistent link: https://www.econbiz.de/10002956723

Comovement : it's not a puzzle

DiCecio, Riccardo (contributor) - 2005

"A defining feature of business cycles is the comovement of inputs at the sectoral level with aggregate activity. Standard models cannot account for this phenomenon. This paper develops and estimates a two-sector dynamic general equilibrium model which can account for this key regularity. My...

Persistent link: https://www.econbiz.de/10002977387

Worker turnover, industry localization, and producer size

Wheeler, Christopher H. (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002497003

Searching for better prospects : endogenizing falling job tenure and private pension coverage

Friedberg, Leora (contributor); … - 2004 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001986809

The effectiveness of monetary policy : an assessment

Wen, Yi (contributor) - 2005

"When monetary policies are endogenous, the conventional VAR approach for detecting the effect of monetary policies is powerless. This paper proposes to test the implication of monetary policies along a different dimension. That implication is to exploit the policy induced exogeneity of...

Persistent link: https://www.econbiz.de/10002956722

Job flows and productivity dynamics : evidence from U.S. manufacturing

Wheeler, Christopher H. (contributor) - 2005

"Through their influence on the cross-sectional distribution of productivity across firms and workers, job creation and destruction likely have an impact on the rate at which aggregate productivity changes over time. However, the nature of this effect is not, a priori, clear. While a broad...

Persistent link: https://www.econbiz.de/10003026876

The Impact of Trade on Labor Market Dynamics

Dvorkin, Maximiliano Ariel; Caliendo, Lorenzo; Parro, … - Federal Reserve Bank of St. Louis - 2015

We develop a dynamic labor search model where production and consumption take place in spatially distinct labor markets with varying exposure to domestic and international trade. The model recognizes the role of labor mobility frictions, goods mobility frictions, geographic factors, and...

Persistent link: https://www.econbiz.de/10011274550

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