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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 … heterogeneity. We find that the new model with even only a small fraction of sticky wage contracts comes closer to matching the data. …

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

Workforce location and equilibrium unemployment in a duocentric economy with matching frictions

Lehmann, Etienne; Montero Ledezma, Paola L.; Van der … - 2015

workers distributed between them. We introduce commuting costs and search-matching frictions to deal with the spatial mismatch …

Persistent link: https://www.econbiz.de/10011342369

On-the-job wage dynamics

Smith, Eric - 2023

This paper assesses wage setting and wage dynamics in a search and matching framework where (i) workers and firms on …

Persistent link: https://www.econbiz.de/10014434270

Wage bargaining and labor market policy with biased expectations

Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023

Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and studies the implications of biased expectations for wage bargaining, vacancy...

Persistent link: https://www.econbiz.de/10014249742

Employing the unemployed of Marienthal : evaluation of a guaranteed job program

Kasy, Maximilian; Lehner, Lukas - 2023

We evaluate a guaranteed job program launched in 2020 in Austria. Our evaluation is based on three approaches, pairwise matched randomization, a pre-registered synthetic control at the municipality level, and a comparison to individuals in control municipalities. This allows us to estimate...

Persistent link: https://www.econbiz.de/10014252503

Public employment agency reform, matching efficiency, and German unemployment

Merkl, Christian; Sauerbier, Timo - 2023

Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the … restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … workers reduced unemployed by 0.8 percentage points. Through the lens of an aggregate matching function, more activation is …

Persistent link: https://www.econbiz.de/10014247120

Hartz IV and the decline of German unemployment : a macroeconomic evaluation

Hochmuth, Brigitte; Kohlbrecher, Britta; Merkl, Christian; … - 2021

This paper proposes a new approach to evaluate the macroeconomic effects of the “Hartz IV” reform, which reduced the generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform initiates both a partial effect and an equilibrium...

Persistent link: https://www.econbiz.de/10012485370

Skill mismatch and the costs of job displacement

Neffke, Frank; Nedelkoska, Ljubica; Wiederhold, Simon - 2022

When workers are displaced from their jobs in mass layoffs or firm closures, they experience lasting adverse labor market consequences. We study how these consequences vary with the amount of skill mismatch that workers experience when returning to the labor market. Using novel measures of skill...

Persistent link: https://www.econbiz.de/10013177125

Keeping it in the family : student to degree match

Murphy, Richard; Silva, Pedro Luis - 2024

This paper examines systematic inequalities in the match between students and the university degree they apply to, and enroll in. Using linked administrative data on the population of Portuguese applicants we create a transparent and continuous measure of student-to-degree match employing...

Persistent link: https://www.econbiz.de/10014519843

What you see is all there is

Enke, Benjamin - 2020

often condition the decision of whether to share a piece of information on the similarity between the signal and the prior … exclusively take into account information that is right in front of them, and directly use the sample mean to estimate the …

Persistent link: https://www.econbiz.de/10012171711