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Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective
Sahin, Afsin; Tansel, Aysit; Berument, Hakan - Institute for the Study of Labor (IZA) - 2013
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are … long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels for seven …
Persistent link: https://www.econbiz.de/10010884236
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Man-cessions, Fiscal Policy, and the Gender Composition of Employment
Bredemeier, Christian; Juessen, Falko; Winkler, Roland - Institute for the Study of Labor (IZA) - 2015
fiscal shocks and non-fiscal shocks on the gender composition of employment. We show that contractionary non-fiscal shocks … lead to man-cessions, i.e. employment falls and more strongly so for men. By contrast, an expansionary fiscal shock … predominantly raises the employment of women. Taken together, these results imply a trade-off dilemma for policy that seeks to …
Persistent link: https://www.econbiz.de/10011214037
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An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 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/10004961441
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The Incidence and Persistence of Cyclical Job Loss in New Zealand
Maré, Dave C.; Fabling, Richard - Institute for the Study of Labor (IZA) - 2013
employment declining by 2.5 percent between 2008q4 and 2009q4. Job and worker turnover rates both declined, signalling a …, 2012). The current paper documents the extent and composition of employment change between 2000 and 2011, focusing on the … and earnings level, the sensitivity of employment growth and labour market flows to aggregate employment fluctuations and …
Persistent link: https://www.econbiz.de/10010887062
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Labor Market Reforms and Current Account Imbalances: Beggar-Thy-Neighbor Policies in a Currency Union?
Baas, Timo; Belke, Ansgar - Institute for the Study of Labor (IZA) - 2014
Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....
Persistent link: https://www.econbiz.de/10010959728
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Wage Rigidity and Job Creation
Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2008
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10005233819
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They Are Even Larger! More (on) Puzzling Labor Market Volatilities
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...
Persistent link: https://www.econbiz.de/10005015481
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Fewer Jobs or Smaller Paychecks? Aggregate Crisis Impacts in Selected Middle-Income Countries
Khanna, Gaurav; Newhouse, David; Paci, Pierella - Institute for the Study of Labor (IZA) - 2011
main finding is that the crisis affected the quality of employment more than the number of jobs. Overall, the slow-down in … earning growth was considerably higher than that in employment, and the decline in GDP was associated with a sharp decline in … labor market regulations. In addition, overall employment became more sensitive to GDP growth. These findings have …
Persistent link: https://www.econbiz.de/10009294835
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What Do Participation Fluctuations Tell Us About Labor Supply Elasticities?
Haefke, Christian; Reiter, Michael - Institute for the Study of Labor (IZA) - 2011
In this paper we use information on the cyclical variation of labor market participation to learn about the aggregate labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous participation. A model that is calibrated to replicate the...
Persistent link: https://www.econbiz.de/10009353615
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Fiscal Policy and the Labour Market: The Effects of Public Sector Employment and Wages
Gomes, Pedro Maia - Institute for the Study of Labor (IZA) - 2010
study the labour market effects of public sector employment and wages. Public sector wages plays an important role in … the optimal policy can increase the volatility of unemployment significantly. Public sector wage and employment shocks … it. Hiring more people can increase or decrease the unemployment rate. All shocks raise the wage and crowd out employment …
Persistent link: https://www.econbiz.de/10008727771