Showing 1 - 10 of 155
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the jon loss rate is much...
Persistent link: https://www.econbiz.de/10005772057
I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United … that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological …
Persistent link: https://www.econbiz.de/10005150972
unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which succeeds at generating … countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin. …
Persistent link: https://www.econbiz.de/10005016888
Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …
Persistent link: https://www.econbiz.de/10005772290
estimates a simple model to capture the effects of technology, globalization, institutions and product demand effects on the … attenuate the polarizing impact of routinization and that differences or changes in wage-setting institutions play little role …
Persistent link: https://www.econbiz.de/10009643554
education groups, and the increase in unemployment at all levels of education. In contrast, in previous literature this type of … overeducation is key to understand the response of unemployment to the technology shock. …
Persistent link: https://www.econbiz.de/10005704849
Many workers believe that personal contacts are crucial for obtaining jobs in high-wage sectors. On the other hand, firms in high-wage sectors report using employee referrals because they help provide screening and monitoring of new employees. This paper develops a matching model that can...
Persistent link: https://www.econbiz.de/10005708007
replacement rates or initial tax rates are high, while no increase in unemployment occurs when institutions are "employment …This paper explains the divergent behavior of European an US unemployment rates using a job market matching model of … the labor market with an interaction between shocks an institutions. It shows that a reduction in TF growth rates, an …
Persistent link: https://www.econbiz.de/10005772074
in explaining the variability of unemployment and vacancies. If we incorporate long-term wage contracts into the model …
Persistent link: https://www.econbiz.de/10005772185
A generalized rise in unemployment rates for both college and high-school graduates, a widening education wage premium … considerable part of the changes but fails to produce the increase in unemployment for the educated labor force. The mismatch shock …
Persistent link: https://www.econbiz.de/10005772255