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This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10014243686
) low-wage firms and low-wage workers are more likely to match via networks or the public agency, while high-wage firms and … high-wage workers succeed more often via job postings; (ii) job postings help firms the most in poaching and attracting … high-wage workers and help workers the most in climbing the job ladder. To evaluate the implications of these findings for …
Persistent link: https://www.econbiz.de/10014469418
This paper studies the extent to which the cyclicality of gross and net occupational mobility shapes that of aggregate unemployment and its duration distribution. Using the SIPP, we document the relation between workers’ (gross and net) occupational mobility and unemployment duration over the...
Persistent link: https://www.econbiz.de/10012227628
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10013470249
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10010291522
This paper studies the extent to which the cyclicality of gross and net occupational mobility shapes that of aggregate unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational mobility and unemployment duration over the...
Persistent link: https://www.econbiz.de/10012833736
Does time-varying business volatility affect the price setting of firms and thus the transmission of monetary policy into the real economy? To address this question, we estimate from the firm-level micro data of the German IFO Business Climate Survey the impact of idiosyncratic volatility on the...
Persistent link: https://www.econbiz.de/10009767295
We analyse the extent to which firm-level uncertainty is affected by aggregate uncertainty. Firm-level uncertainty is constructed from a large and monthly panel dataset of manufacturing firms. We find that aggregate uncertainty has a positive and robust impact on firm-level uncertainty. This...
Persistent link: https://www.econbiz.de/10013239562
differentials. The model generates a simple (log) wage variance decomposition that is used to measure the importance of firm and … worker productivity differentials, frictional wage dispersion and workers' sorting dynamics. I calibrate the model using a … sample of young workers for the UK. I show that wage inequality among low skilled workers is mostly due to differences in …
Persistent link: https://www.econbiz.de/10010289362
search effort and wage policies play only a minor role. …
Persistent link: https://www.econbiz.de/10012227639