Showing 1 - 10 of 1,879
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …
Persistent link: https://www.econbiz.de/10013087720
The objective of this paper is to construct and quantitatively assess an equilibrium search model with on-the-job search and general human capital accumulation. In the model workers enter the labor market with different abilities and firms differ in their productivities. Wages are dispersed...
Persistent link: https://www.econbiz.de/10013098341
We investigate the effect of social interactions on labor market outcomes using a direct measure of social contacts based on information about individuals’ three best friends and their characteristics. We examine the effect of the number of employed friends on the transition from...
Persistent link: https://www.econbiz.de/10013316135
downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …
Persistent link: https://www.econbiz.de/10013058504
probability of leaving unemployment? The experiment indicates that a relatively large fraction (one third) of the referrals do not …, especially among young people. However, we find no significant impact on the duration of unemployment …
Persistent link: https://www.econbiz.de/10013316401
(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade … unions lower their claims for wage mark-ups resulting in lower wage growth and lower unemployment. This paper uses …
Persistent link: https://www.econbiz.de/10013093430
Is unemployment the overwhelming determinant of domestic violence that many commentators expect it to be? The … contribution of this paper is to examine, theoretically and empirically, how changes in unemployment affect the incidence of … domestic abuse. The key theoretical prediction is that male and female unemployment have opposite-signed effects on domestic …
Persistent link: https://www.econbiz.de/10013315745
Large and persistent earnings losses following displacement have adverse consequences for the individual worker and the macroeconomy. Leading models cannot explain their size and disagree on their sources. Two mean-reverting forces make earnings losses transitory in these models: search as an...
Persistent link: https://www.econbiz.de/10012951559
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …
Persistent link: https://www.econbiz.de/10013150804
unemployment is a non-monotonic function of the minimum wage level. Effects differ strongly by labour market segment. Cross …
Persistent link: https://www.econbiz.de/10012851339