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In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration, compositional effects and duration dependence of the exit rate...
Persistent link: https://www.econbiz.de/10005136894
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10005209482
In this paper, we employ search theory as a micro-economic foundation for the wasteful commuting hypothesis. It is … argued that the commute of the self-employed is the result of a search process for vacant workplaces, whereas employees … search for vacant jobs through space. Because the arrival rate of workplaces is much higher than the arrival rate of jobs …
Persistent link: https://www.econbiz.de/10005137099
Do people move to cities because of marriage market considerations? In cities
Persistent link: https://www.econbiz.de/10005137273
In this paper we analyse the commuting distribution from a job search perspective. We have examined under which …, spatially-differentiated search or heterogeneity ofjobs. Residential mobility does not appear to explain the shape of the …
Persistent link: https://www.econbiz.de/10005137311
search for a job-type that matches their skill. They face a trade-off between match quality and the cost of extended search …. This trade-off differs between regions, because search is more efficient in larger regions. Then, interregional mobility … commodities that are search intensive, i.e. that require a wide variety of tasks and make use of scarce worker types. Empirical …
Persistent link: https://www.econbiz.de/10005042219
Persistent link: https://www.econbiz.de/10005042225
We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function. We emphasize a coordination failure caused by multiple applications, namely, that firms can waste resources processing applicants who are ultimately hired elsewhere.
Persistent link: https://www.econbiz.de/10005042226
Recent research has shown that the standard labor market matching model fails to match the dynamics of US data. In particular, the model lacks sufficient propagation of shocks. This paper shows that refining the informational structure of the model leads to significant improvements along this...
Persistent link: https://www.econbiz.de/10008838623
Is working more than monetary income? This paper attempts to give an answer to this question on the basis of the German Socio-economic Panel data set. By comparing the satisfaction with life between workers and non-workers with the same household income, the monetary value of participating in...
Persistent link: https://www.econbiz.de/10005209443