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whether changes in matching frictions can explain the large and persistent increase in Mexican unemployment after the 2008 … global financial crisis. We find evidence of a statistically signicant reduction in the efficiency of the matching function … unemployment rate. Hence, these results suggest that changes in matching frictions cannot explain most of the increase in …
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an expected long period of unemployment make a job more valuable during recessions. I estimate the elasticity of the …
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A labor matching model with nominal rigidities can match short-run movements in labor's share with some success …
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Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding …
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This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage …
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Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10010270767