Showing 1 - 10 of 15
This paper introduces risk averse workers into a search and matching model and considers the quantitative performance … search and matching models. …
Persistent link: https://www.econbiz.de/10005090796
Shimer (2005) showed that a standard search and matching model of the labor market fails to generate fluctuations of …
Persistent link: https://www.econbiz.de/10005069277
This paper studies amplification of productivity shocks in labor markets through on-the-job-search. There is incomplete … for on-the-job search. Amplification arises because productivity changes not only affect firms' probability of contacting …
Persistent link: https://www.econbiz.de/10005069313
We argue that the main difference between European and American labor markets is not so much in the unemployment rates, but maybe more importantly in the reduced flows into and out of unemployment, in Europe. Employment protection legislations (EPL) have been extensively studied in the...
Persistent link: https://www.econbiz.de/10005051216
We find that the main featues of labor policy across OECD countries can be explained by an equilibrium search model …
Persistent link: https://www.econbiz.de/10005051249
capacity of a structural job search model with i.i.d. productivity shocks to replicate salient properties of these dynamics … job search model how the combined assumptions of on-the-job search and wage renegotiation by mutual consent act as a …
Persistent link: https://www.econbiz.de/10005051265
In a simple search model of money, we study a special kind of memory which gives rise to an arrangement resembling a …
Persistent link: https://www.econbiz.de/10004970315
This paper extends Shimer's (2005) Mismatch model to allow for endogenous mobility. Rather than work directly in the original model, I use a related framework, the stock-flow matching model (Taylor, 1995; Coles and Muthoo, 1998). One of the contributions of this paper is therefore to compare the...
Persistent link: https://www.econbiz.de/10004977921
end, we generalize the search-theoretic model of financial intermediation of Duffie, Garleanu and Pedersen (2005) to allow …
Persistent link: https://www.econbiz.de/10005048013
redistribute money holdings. The model provides a general framework that nests several existing search models as special cases for …
Persistent link: https://www.econbiz.de/10005090797