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Recruitment Policies, Job-Filling Rates and Matching Efficiency

Carrillo-Tudela, Carlos - 2020

Recruitment behavior is important for the matching process in the labor market. Using unique linked survey …-administrative data, we explore the relationships between hiring and recruitment policies. Faster hiring goes along with higher search … directed search model in which firms use different recruitment margins in response to productivity shocks. The calibrated model …

Persistent link: https://www.econbiz.de/10012833745

The Beveridge Curve and Labour Market Flows - a Reinterpretation

Gottfries, Nils - 2019

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when unemployment is high. Using monthly panel data for local labour markets in Sweden we find no (or only weak) evidence that high unemployment makes it easier to fill vacancies....

Persistent link: https://www.econbiz.de/10012867870

Cyclical Earnings, Career and Employment Transitions

Carrillo-Tudela, Carlos; Visschers, Ludo; Wiczer, David - 2022

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

Unemployment and endogenous reallocation over the business cycle

Carrillo-Tudela, Carlos; Visschers, Ludo - 2013

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

Macroeconomic Shocks and Racial Labour Market Differences in the U.S

De, Kuhelika - 2020

Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...

Persistent link: https://www.econbiz.de/10012844419

Inequality in the Impact of the Coronavirus Shock : Evidence from Real Time Surveys

Adams-Prassl, Abi - 2020

We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...

Persistent link: https://www.econbiz.de/10012834873

Labor Markets During the Covid-19 Crisis : A Preliminary View

Coibion, Olivier - 2020

We use a repeated large-scale survey of households in the Nielsen Homescan panel to characterize how labor markets are being affected by the covid-19 pandemic. We document several facts. First, job loss has been significantly larger than implied by new unemployment claims: we estimate 20 million...

Persistent link: https://www.econbiz.de/10012836006

Labour Costs and the Decision to Hire the First Employee

Cockx, Bart; Desiere, Sam - 2023

Firms without paid employees account for up to 80% of all firms, but only a small minority ever hires. This paper investigates the relationship between labour costs and the decision to hire a first employee and become an employer. Leveraging a unique policy in Belgium that permanently reduced...

Persistent link: https://www.econbiz.de/10014356485

Vacancy Durations and Entry Wages : Evidence from Linked Vacancy-Employer-Employee Data

Kettemann, Andreas - 2019

This paper explores the relationship between the duration of a vacancy and the starting wage of a new job, using unusually informative data comprising detailed information on vacancies, the establishments posting the vacancies and the workers eventually filling the vacancies. We find that...

Persistent link: https://www.econbiz.de/10012892235

A Congestion Theory of Unemployment Fluctuations

Mercan, Yusuf; Schoefer, Benjamin; Sedlacek, Petr - 2021

In recessions, unemployment increases despite the—perhaps counterintuitive—fact that thenumber of unemployed workers finding jobs expands. On net, unemployment rises only becauseeven more workers lose their jobs. We propose a theory of unemployment fluctuations resting onthis...

Persistent link: https://www.econbiz.de/10013314859

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