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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
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
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
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
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
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
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
productivity growth particularly for the US. We conclude that a better understanding of the inflation-unemployment tradeoff …
Persistent link: https://www.econbiz.de/10005049591
underutilization, and unemployment arising from the decline of the tradeable sector. …
Persistent link: https://www.econbiz.de/10005818802
these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and …
Persistent link: https://www.econbiz.de/10010886896