Showing 1 - 10 of 3,309
increases job-finding in the private sector by 10 percentage points within one year of unemployment. Six years later, high …
Persistent link: https://www.econbiz.de/10014244086
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. Instead, there are few vacancies when unemployment is high because there is a low …
Persistent link: https://www.econbiz.de/10012867870
Recruitment behavior is important for the matching process in the labor market. Using unique linked survey … points to an important role of hiring standards for matching efficiency and for the impact of labor market policy, whereas …
Persistent link: https://www.econbiz.de/10012833745
discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model … minimal estimated degrees of myopia. The results indicate that the empirical evidence for cognitive discounting may be …
Persistent link: https://www.econbiz.de/10013229788
unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …
Persistent link: https://www.econbiz.de/10012833736
This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities … over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic … density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011451421
We introduce a preference for wealth into the standard search and matching model to analyze the labor market when there … economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … addition to the job creation channel of the standard matching model. Turning to the stagnation equilibrium, the effects of …
Persistent link: https://www.econbiz.de/10012832192
sluggish. Job creation and job destruction are negatively correlated. And the volatility of unemployment is much larger than in … the standard search and matching model. …
Persistent link: https://www.econbiz.de/10010278017
This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms’ financial … conditions, and, in turn, firms’ financial conditions feedback again to the real economy. The unemployment accelerator builds on … in labor and financial markets. We provide compelling micro-evidence of the unemployment accelerator: a 10% increase in a …
Persistent link: https://www.econbiz.de/10011584947
We study the relationship between employment growth and worker flows in excess of job flows (churn) at the establishment level using the new German AWFP dataset spanning from 1975–2014. Churn is above 5 percent of employment along the entire employment growth distribution and most pronounced...
Persistent link: https://www.econbiz.de/10011777567