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Labor search and matching in macroeconomics
Yashiv, Eran - London School of Economics (LSE) - 2007
The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …
Persistent link: https://www.econbiz.de/10011071476
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Evaluating the performance of the search and matching model
Yashiv, Eran - London School of Economics (LSE) - 2005
Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool …
Persistent link: https://www.econbiz.de/10011071277
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Resurrecting the participation margin
Ebell, Monique - London School of Economics (LSE) - 2008
This paper considers a real business cycle model with search frictions in the labor market and labor supply which is …
Persistent link: https://www.econbiz.de/10010745347
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Imperfect competition in the labour market
Manning, Alan - London School of Economics (LSE) - 2010
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...
Persistent link: https://www.econbiz.de/10010745736
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Unemployment and hours of work: the North Atlantic divide revisited
Pissarides, Christopher - London School of Economics (LSE) - 2006
I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United States and Europe. The theoretical model brings together all three and emphasizes technological growth. Computations show that the very low unemployment in Europe in the 1960s was...
Persistent link: https://www.econbiz.de/10010746048
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U.S. labor market dynamics revisited
Yashiv, Eran - London School of Economics (LSE) - 2007
The picture of U.S. labor market dynamics is opaque. Empirical studies have yielded contradictory findings and debates have emerged regarding their implications. This paper aims at clarifying the picture, which is important for the understanding of the operation of the labor market, for the...
Persistent link: https://www.econbiz.de/10010745208
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Productivity, aggregate demand and unemployment fluctuations
Barnichon, Regis - London School of Economics (LSE) - 2007
standard search and matching models. The correlation between cyclical unemployment and the cyclical component of labor … standard search models imply a negative correlation. I argue that the inconsistency arises because search models do not allow … output to be demand determined in the short run. I present a search model with nominal rigidities that can rationalize the …
Persistent link: https://www.econbiz.de/10010884545
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The Shimer puzzle and the correct identification of productivity shocks
Barnichon, Regis - London School of Economics (LSE) - 2007
Shimer (2005a) claims that the Mortensen-Pissarides search model of unemployment lacks an ampiflication mechanism … correctly identify the shocks driving unemployment. Using a New- Keynesian framework with search unemployment, this paper … that extending the search model with an aggregate demand side remarkably improves the ability of the standard search model …
Persistent link: https://www.econbiz.de/10010884680
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The Beveridge curve
Yashiv, Eran - London School of Economics (LSE) - 2007
underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching …
Persistent link: https://www.econbiz.de/10010744873
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Unemployment dynamics with international capital mobility
Azariadis, Costas; Pissarides, Christopher - London School of Economics (LSE) - 2007
We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high capital mobility and low labour mobility. We show that rapid capital movements across national borders, like those experienced by developed nations in the last twenty years,...
Persistent link: https://www.econbiz.de/10010744954