Similar Search Results

Search frictions on product and labor markets : money in the matching function

Lehmann, Etienne (contributor); … - 2007

not efficient. Inflation is detrimental to unemployment. …

Persistent link: https://www.econbiz.de/10003578815

The active role of the natural rate of unemployment during cyclical recoveries

Hall, Robert E.; Kudlyak, Marianna - 2023

Phillips-curve framework of low - often extremely low - response of inflation to unemployment could be the result of fairly … most Phillips-curve studies, that conclude that inflation has little relation to unemployment. We suggest that the flat …

Persistent link: https://www.econbiz.de/10014423725

Robots and unions : the moderating effect of organised labour on technological unemployment

Haapanala, Henri; Marx, Ive; Parolin, Zachary - 2022

We analyse the moderating effect of trade unions on industrial employment and unemployment in countries facing exposure to industrial robots. Applying random effects within-between regression to a pseudo-panel of observations from 28 advanced democracies over 1998-2019, we find that stronger...

Persistent link: https://www.econbiz.de/10012886833

Nonlinearities and workers' heterogeneity in unemployment dynamics

Adjemian, Stéphane; Karamé, Frédéric; Langot, François - 2021

This study demonstrates that nonlinearities, coupled with worker heterogeneity, make it possible to reconcile the Diamond-Mortensen-Pissarides model with the labor market dynamics observed in the United States. Nonlinearities, induced by firings and downward real wage rigidities, magnify...

Persistent link: https://www.econbiz.de/10012697332

Calvo wages in a search unemployment model

Bodart, Vincent (contributor); Pierrard, Olivier (contributor) - 2006

RBC models with search unemployment and wage renegotiation generate too much wage volatility and too stable unemployment rate. Shimer (2004) shows that it is possible to reproduce a volatility of unemployment similar to that observed in actual economies by imposing full real wage rigidity. We...

Persistent link: https://www.econbiz.de/10003523204

Product market regulation, firm selection and unemployment

Felbermayr, Gabriel (contributor); Prat, Julien (contributor) - 2007

This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in a search model with heterogeneous multiple-worker firms. In our setup, PMR modifies the distribution of firm productivities, thereby affecting the equilibrium rate of unemployment. We distinguish between PMR...

Persistent link: https://www.econbiz.de/10003585349

The evolution of inflation and unemployment : explaining the roaring nineties

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2007

This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a … has not only persistent, but permanent real effects, giving rise to a long-run inflation-unemployment tradeoff. We … the US unemployment and inflation trajectories during the nineties. …

Persistent link: https://www.econbiz.de/10003586564

Life-cycle equilibrium unemployment

Chéron, Arnaud (contributor); … - 2008

This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their distance from deterministic retirement. A non age-directed search equilibrium is then typically featured by increasing (decreasing) firing (hiring) rates with age and a hump-shaped...

Persistent link: https://www.econbiz.de/10003748465

Preferences for collective versus individualised wage setting

Boeri, Tito (contributor); Burda, Michael C. (contributor) - 2008

Standard models of equilibrium unemployment assume exogenous labour market institutions and flexible wage determination. This paper models wage rigidity and collective bargaining endogenously, when workers differ by observable skill and may adopt either individualized or collective wage...

Persistent link: https://www.econbiz.de/10003656922

The macroeconomics of the labor market : three fundamental views

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2006

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While the frictionless view implies a clear...

Persistent link: https://www.econbiz.de/10003504689