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Macroeconomic shocks and racial labour market differences in the U.S.

De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

Persistent link: https://www.econbiz.de/10012157899

Business cycle asymmetries and the labor market

Kohlbrecher, Britta; Merkl, Christian - 2016 - First version: April 2015. This version: February 2016

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

Persistent link: https://www.econbiz.de/10011444082

Efficiency and labor market dynamics in a model of labor selection

Chugh, Sanjay K.; Merkl, Christian - 2015 - First draft: September 2010, This draft: August 9, 2015

This paper characterizes efficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...

Persistent link: https://www.econbiz.de/10011306109

Optimal fiscal policy with labor selection

Chugh, Sanjay K.; Lechthaler, Wolfgang; Merkl, Christian - 2018 - This Draft: June 11, 2018

This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...

Persistent link: https://www.econbiz.de/10011864654

Land collateral and labor market dynamics in France

Kaas, Leo; Pintus, Patrick A.; Ray, Simon - 2014

unemployment that are in line with the data. …

Persistent link: https://www.econbiz.de/10010412305

Heterogeneity in staggered wage bargaining and unemployment volatility puzzle

Kara, Engin; Park, Yongmin - 2017

It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler …

Persistent link: https://www.econbiz.de/10011669046

The minimum wage from a two-sided perspective

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2014

This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...

Persistent link: https://www.econbiz.de/10010371904

The pro-competitive consequences of trade in frictional labor markets

Firooz, Hamid - 2023

. In particular, I show that once markups are allowed to respond to trade liberalization, unemployment and residual wage …

Persistent link: https://www.econbiz.de/10014364693

Venture capital investment and labor market performance : a panel data analysis

Belke, Ansgar; Fehn, Rainer; Foster-McGregor, Neil - 2002

reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …

Persistent link: https://www.econbiz.de/10011408964

Structural unemployment, underemployment, and secular stagnation

Hashimoto, Ken'ichi; Ono, Yoshiyasu; Schlegl, Matthias - 2020

economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and … explain movements of unemployment and underemployment in opposite directions. Finally, we show that fluctuations in the total …

Persistent link: https://www.econbiz.de/10012219698