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Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2010

This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...

Persistent link: https://www.econbiz.de/10010955922

The Italian wage curve reloaded: Does occupation matter?

Gucciardi, Gianluca - Institut für Weltwirtschaft (IfW) - 2014

wages and the local unemployment rate - within a number of occupations. It exploits the Bank of Italy's Household Survey and …

Persistent link: https://www.econbiz.de/10010961610

An Incentive Theory of Matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...

Persistent link: https://www.econbiz.de/10004992848

East German Unemployment: The Myth of the Irrelevant Labor Market

Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2008

This paper indicates that East Germany’s unemployment originates primarily in the labor market, caused by the fast wage …

Persistent link: https://www.econbiz.de/10005076097

Incentives and Complementarities of Flexicurity

Brown, Alessio J. G.; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2009

renowned Danish miracle by evaluating their unemployment and inequality effects and their complementarities. We develop a … full Danish flexicurity set of policies (low employment protection, high unemployment benefits and workfare). Our results … show that implementing the Danish flexicurity concept in Germany would reduce unemployment and earnings inequality …

Persistent link: https://www.econbiz.de/10005079106

The Determinants of Reservation Wages in Germany Does a Motivation Gap Exist?

Christensen, Björn - Institut für Weltwirtschaft (IfW) - 2001

characteristics of the unemployed are the most important determinants of reservation wages. In contrast neither unemployment duration … nor different kinds of unemployment benefits influence reservation wages. Hence the findings corroborate the hypothesis …

Persistent link: https://www.econbiz.de/10005755186

What Can a New Keynesian Labor Matching Model Match?

Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2009

A labor matching model with nominal rigidities can match short-run movements in labor’s share with some success. However, it cannot explain much of the behavior of employment, vacancies, and job flows in postwar US data without resorting to additional shocks beyond monetary policy and...

Persistent link: https://www.econbiz.de/10005700617

Financial stress and economic dynamics: an application to France

Aboura, Sofiane; Roye, Björn van - Institut für Weltwirtschaft (IfW) - 2013

In this paper, we develop a financial stress index for France that can be used as a real-time composite indicator for the state of financial stability in France. We take 17 financial variables from different market segments and extract a common stress component using a dynamic approximate factor...

Persistent link: https://www.econbiz.de/10010886871

Layoff Taxes, Unemployment Insurance, and Business Cycle Fluctuations

Ahrens, Steffen; Nejati, Nooshin; Pfeiffer, Philipp L. - Institut für Weltwirtschaft (IfW) - 2015

search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on … experience rating finance the cost of unemployment benefits and create considerable employment adjustment costs. Our framework … reproduces the negative correlation between vacancies and unemployment, i.e., the Beveridge curve. Simulations show that the …

Persistent link: https://www.econbiz.de/10011162484

Revisiting the Matching Function

Kohlbrecher, Britta; Merkl, Christian; Nordmeier, Daniela - Institut für Weltwirtschaft (IfW) - 2014

these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and …

Persistent link: https://www.econbiz.de/10010886896