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This paper examines the recruitment process of firms. We test whether firms search sequentially or non …-sequentially using data compiled from filled vacancies. According to theory, in case of sequential hiring, the number of applicants is …. We distinguish between different types of recruitment methods. We find that the sequential hiring is rejected for a …
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In this paper I determine the importance of adjustment costs in employers' hiring decisions. Temporary work arrangements offer potential ways to avoid adjustment costs. I estimate employers willingness to pay for the characteristics of these work arrangements. I distinguish regular contracts,...
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model of a monopsonistic employer who determines an optimal recruitment policy in a spatial labour market with search … frictions and show that partial reimbursement of commuting cost will in general be an element of the recruitment policy. The …
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We develop a multivariate unobserved components model to extract business cycle and financial cycle indicators from a panel of economic and financial time series of four large developed economies. Our model is flexible and allows for the inclusion of cycle components in different selections of...
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