business cycle volatility, hinting at a stabilizing effect of public employment, while public wages correlate weakly and … positively with business cycle volatility, hinting at a destabilizing effect of public wages. To explain these relationships, we …

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

Zeitreihenmodells ermittelt. Das Modell stellt für verschiedene OECD-Länder von 1950 bis 2004 die Beiträge von Konjunktur und …

volatility and persistence of vacancies and unemployment …

market volatility and Okun's elasticity over the business cycle. Second, we highlight a key mechanism linking financial … shock. Third, we present evidence coherent with the idea that more leveraged sectors experience larger employment volatility …