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Duration dependence in finding a job : applications, interviews, and job offers
Zuchuat, Jeremy; Lalive, Rafael; Osikominu, Aderonke; … - 2023
Persistent link: https://www.econbiz.de/10014424488
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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/10010332009
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Macroeconomic volatilities and the labor market: first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2009
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …
Persistent link: https://www.econbiz.de/10010277954
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Marginal jobs and job surplus : a test of the efficiency of separations
Jäger, Simon; Schoefer, Benjamin; Zweimüller, Josef - 2019
Persistent link: https://www.econbiz.de/10012055852
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They are even larger! More (on) puzzling labor market volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10010277952
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The inflation-output tradeoff: which type of labor market rigidity is to be blamed?
Merkl, Christian - 2009
In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the standard model is enhanced by real wage rigidities or...
Persistent link: https://www.econbiz.de/10010277953
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10010277955
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Comparing the effectiveness of employment subsidies
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2006
consider measures involving targeting workers with low incomes/abilities and targeting the unemployed. To make our analysis … German data. The calibration shows that hiring vouchers targeted at the long-term unemployed and low-income/ability workers … the long-term unemployed are more effective than hiring vouchers targeted at low-income/ability workers. These subsidy …
Persistent link: https://www.econbiz.de/10010277977
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East German unemployment: the myth of the irrelevant labor market
Merkl, Christian; Snower, Dennis J. - 2008
This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage …
Persistent link: https://www.econbiz.de/10010277978
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Comparing the effectiveness of employment subsidies
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2010
consider measures involving targeting workers with low incomes/abilities and targeting the unemployed. To make our analysis … German data. The calibration shows that hiring vouchers targeted at the long-term unemployed and low-income/ability workers … the long-term unemployed are more effective than hiring vouchers targeted at low-income/ability workers. These subsidy …
Persistent link: https://www.econbiz.de/10011453727