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The Importance of Two-Sided Heterogeneity for the Cyclicality of Labour Market Dynamics
Bachmann, Ronald; David, Peggy - 2009
Using two data sets derived from German administrative data, including a linked employer-employee data set, we investigate the cyclicality of worker and job flows.The analysis stresses the importance of two-sided labour market heterogeneity in this context, taking into account both observed and...
Persistent link: https://www.econbiz.de/10010265775
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Decomposing the ins and outs of cyclical unemployment
Bachmann, Ronald; Sinning, Mathias - 2012
role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further … observe that the initially positive contribution of composition effects to a higher unemployment outflow rate turns negative …
Persistent link: https://www.econbiz.de/10010282440
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Decomposing the Ins and Outs of Cyclical Unemployment
Bachmann, Ronald; Sinning, Mathias - 2011
role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further … observe that the initially positive contribution of composition effects to a higher unemployment outflow rate turns negative …
Persistent link: https://www.econbiz.de/10010287431
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Decomposing the Ins and Outs of Cyclical Unemployment
Bachmann, Ronald; Sinning, Mathias - Institute for the Study of Labor (IZA) - 2012
role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further … observe that the initially positive contribution of composition effects to a higher unemployment outflow rate turns negative …
Persistent link: https://www.econbiz.de/10009650605
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Decomposing the Ins and Outs of Cyclical Unemployment
Bachmann, Ronald; Sinning, Mathias - Rheinisch-Westfälisches Institut für … - 2011
role for the cyclicality of the unemployment outflow rate, although the contribution of the duration of unemployment is … significant. In contrast, composition effects dampen the cyclicality of the unemployment inflow rate considerably. We further … observe that the initially positive contribution of composition effects to a higher unemployment outflow rate turns negative …
Persistent link: https://www.econbiz.de/10010533916
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Labour Market Transitions, Shocks and Institutions in Turbulent Times: A Cross-Country Analysis
Bachmann, Ronald; Felder, Rahel - 2018
Blanchard and Wolfers (2000) to analyse the role of the interaction of macroeconomic shocks and labour market institutions for … of the unemployment rate and of worker transitions. …
Persistent link: https://www.econbiz.de/10011873447
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Labour market transitions, shocks and institutions in turbulent times: A cross-country analysis
Bachmann, Ronald; Felder, Rahel - 2017
Blanchard and Wolfers (2000) to analyse the role of the interaction of macroeconomic shocks and labour market institutions for … of the unemployment rate and of worker transitions. …
Persistent link: https://www.econbiz.de/10011722810
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They are even larger! More (on) puzzling labor market volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10010277960
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Macroeconomic volatilities and the labor market: First results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2010
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …
Persistent link: https://www.econbiz.de/10010277963
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10010278021