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Unemployment and Endogenous Reallocation over the Business Cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - Institute for the Study of Labor (IZA) - 2013
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …
Persistent link: https://www.econbiz.de/10010812034
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Employee Referrals and Efficiency Wages
Kugler, Adriana D. - Institute for the Study of Labor (IZA) - 2002
Many workers believe that personal contacts are crucial for obtaining jobs in high-wage sectors. On the other hand, firms in high-wage sectors report using employee referrals because they help provide screening and monitoring of new employees. This paper develops a matching model that can...
Persistent link: https://www.econbiz.de/10005761815
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Hiring and Firing Costs, Adverse Selection and Long-term Unemployment
Kugler, Adriana D.; Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2000
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10005762182
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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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Flexibility vs. Rigidity: Does Spain have the worst of both Worlds?
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2000
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the jon loss rate is much...
Persistent link: https://www.econbiz.de/10005703292
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Job Turnover, Unemployment and Labor Market Institutions
Joseph, Gilles; Pierrard, Olivier; Sneessens, Henri R. - Institute for the Study of Labor (IZA) - 2003
This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows …. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine … the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The model is able to …
Persistent link: https://www.econbiz.de/10005703335
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Variable Search Intensity in an Economy with Coordination Unemployment
Kaas, Leo - Institute for the Study of Labor (IZA) - 2008
account for the empirical relation between the job-finding rate and the vacancy-unemployment ratio, provided that search costs …
Persistent link: https://www.econbiz.de/10005822755
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Disaggregate Matching Functions
Fahr, René; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2001
This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is unusual due to the scarcity of appropriate data....
Persistent link: https://www.econbiz.de/10005762399
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The Beveridge Curve
Yashiv, Eran - Institute for the Study of Labor (IZA) - 2006
. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …
Persistent link: https://www.econbiz.de/10005763504
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The Impact of Product Market Competition on Employment and Wages
Amable, Bruno; Gatti, Donatella - Institute for the Study of Labor (IZA) - 2001
proposes a model of monopolistic competition with an endogenous determination of workers flows in and out of unemployment …
Persistent link: https://www.econbiz.de/10005700853