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Re-Employment Probabilities over the Business Cycle
Imbens, Guido W.; Lynch, Lisa M. - Institute for the Study of Labor (IZA) - 2006
average re-employment probabilities. Living in an area with high local unemployment reduces re-employment chances as does … somewhat if a worker is unemployed in an area with high overall unemployment. …
Persistent link: https://www.econbiz.de/10005703339
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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 Incidence and Persistence of Cyclical Job Loss in New Zealand
Maré, Dave C.; Fabling, Richard - Institute for the Study of Labor (IZA) - 2013
cyclical job loss and unemployment fell disproportionately on young and unskilled workers. The paper identifies, by age, gender …
Persistent link: https://www.econbiz.de/10010887062
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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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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
the optimal policy can increase the volatility of unemployment significantly. Public sector wage and employment shocks … have mixed effects on unemployment. A wage shock raises the unemployment rate, while a reduction in the separations lowers … 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
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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 Spot Market Matters: Evidence on Implicit Contracts from Britain
Devereux, Paul J.; Hart, Robert A. - Institute for the Study of Labor (IZA) - 2005
Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males and females with individuallevel data taken from the...
Persistent link: https://www.econbiz.de/10005823009
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Separations, Sorting and Cyclical Unemployment
Mueller, Andreas I. - Institute for the Study of Labor (IZA) - 2012
This paper establishes a new fact about the compositional changes in the pool of unemployed over the U.S. business cycle and evaluates a number of theories that can potentially explain it. Using micro-data from the Current Population Survey for the years 1962-2011, it documents that in...
Persistent link: https://www.econbiz.de/10010575480
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Payroll Taxes, Social Insurance and Business Cycles
Burda, Michael C.; Weder, Mark - Institute for the Study of Labor (IZA) - 2010
frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …
Persistent link: https://www.econbiz.de/10008611305
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Macroeconomic Volatilities and the Labor Market: First Results from the Euro Experiment
Merkl, Christian; Schmitz, Tom - Institute for the Study of Labor (IZA) - 2010
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …
Persistent link: https://www.econbiz.de/10008611512