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Recessions and occupational match quality : the role of age, gender, and education

Addison, John T.; Chen, Liwen; Ozturk, Orgul Demet - 2020

Although the adverse labor market effects of economic recessions have been well documented, a notable omission in the literature is how recessions impact workers’ job match quality. This paper considers the short and longer-term losses in productivity associated with the job changing brought...

Persistent link: https://www.econbiz.de/10012238463

A competitive model of worker replacement and wage rigidity

Snell, Andy; Thomas, Jonathan P.; Wang, Zhewei - 2014

We adapt the models of Menzio and Moen (2010) and Snell and Thomas (2010) to consider a labour market in which firms can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there exists an incentive for firms to smooth wages. Real wages...

Persistent link: https://www.econbiz.de/10010237280

Venture cycles : theory and evidence

Gehrig, Thomas P.; Stenbacka, Rune - 2003

We demonstrate how endogenous information acquisition in venture capital markets creates investment cycles when …

Persistent link: https://www.econbiz.de/10011506424

Money Talks

Hoerova, Marie - 2010

We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …

Persistent link: https://www.econbiz.de/10013150973

Rational Inattention : A Review

Maćkowiak, Bartosz; Matějka, Filip; Wiederholt, Mirko - 2021

agents cannot process all available information, but they can choose which exact pieces of information to attend to. Several … important results in economics have been built around imperfect information. Nowadays, many more forms of information than ever … before are available due to new technologies, and yet we are able to digest little of it. Which form of imperfect information …

Persistent link: https://www.econbiz.de/10013222707

On-the-Job Search and the Cyclical Dynamics of the Labor Market

Krause, Michael U.; Lubik, Thomas A. - 2021

We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies increases job search. By keeping job creation costs low for firms,...

Persistent link: https://www.econbiz.de/10013318926