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Revisiting the Matching Function
Kohlbrecher, Britta; Merkl, Christian; Nordmeier, Daniela - Institut für Weltwirtschaft (IfW) - 2014
Many labor market models use both idiosyncratic productivity and a vacancy free entry condition. This paper shows that … based on idiosyncratic productivity and free entry is very close to the empirical matching function. Consequently, we argue … that standard matching function estimations are seriously biased if idiosyncratic productivity plays a role for match …
Persistent link: https://www.econbiz.de/10010886896
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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
This paper analyses how and to which degree the Danish flexicurity concept and its various elements achieve the renowned Danish miracle by evaluating their unemployment and inequality effects and their complementarities. We develop a microfounded model of searching workers and firms, calibrate...
Persistent link: https://www.econbiz.de/10005079106
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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
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On the Introduction of Firing Costs
Ahrens, Steffen; Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2009
This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New Keynesian model with purely endogenous separations. We further...
Persistent link: https://www.econbiz.de/10008531659
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East German Unemployment: The Myth of the Irrelevant Labor Market
Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2008
-side policies are effective mainly when they increase the economy’s overall productivity and thereby help overcome the labor market …
Persistent link: https://www.econbiz.de/10005076097
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Firing Costs in a New Keynesian Model with Endogenous Separations
Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2009
This paper introduces productivity dependent firing costs in an endogenous separation New Keynesian model. By strictly …
Persistent link: https://www.econbiz.de/10005026905
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Wage Rigidity and Job Creation
Haefke, Christian; Sonntag, Marcus; Rens, Thijs van - Institut für Weltwirtschaft (IfW) - 2009
workers, unlike the aggregate wage, is volatile and responds one-to-one to changes in labor productivity. In order to …
Persistent link: https://www.econbiz.de/10005700599
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What Can a New Keynesian Labor Matching Model Match?
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2009
to additional shocks beyond monetary policy and productivity shocks. In particular, the model suggests that monetary …. Productivity shocks can account for some of the pattern in labor’s share and in employment between the late 1960s and the early … 1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …
Persistent link: https://www.econbiz.de/10005700617
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Layoff Taxes, Unemployment Insurance, and Business Cycle Fluctuations
Ahrens, Steffen; Nejati, Nooshin; Pfeiffer, Philipp L. - Institut für Weltwirtschaft (IfW) - 2015
This paper studies the role of labor market institutions in business cycle fluctuations. We develop a DSGE model with search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on experience rating finance the cost of unemployment...
Persistent link: https://www.econbiz.de/10011162484