Gartner, Hermann; Merkl, Christian; Rothe, Thomas - Institute for the Study of Labor (IZA) - 2009
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility … of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job … vacancies) divided by the volatility of labor productivity is roughly twice as large as in the United States. We derive and …