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An Incentive Theory of Matching
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
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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
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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
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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
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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
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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
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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
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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
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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
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Staggered Wages, Sticky Prices, and Labor Market Dynamics in Matching Models
Neugebauer, Janett; Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2010
This paper investigates the role of staggered wages and sticky prices in explaining stylized labor market facts. We build on a partial equilibrium search and matching model and expand the model to a general equilibrium model with sticky prices and/or staggered wages. We show that the core model...
Persistent link: https://www.econbiz.de/10008541314