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Buddelmeyer, Hielke - 2015

equivalent of the costs of the extra time stress is very large. While the departure of a child from the home reduces parents …

Persistent link: https://www.econbiz.de/10013029123

Macroeconomic Volatilities and the Labor Market : First Results from the Euro Experiment

Merkl, Christian - 2010

macroeconomic volatilities. In our subsequent empirical estimations, we find that higher labor turnover costs have a statistically … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …

Persistent link: https://www.econbiz.de/10013143682

Cycles of Wage Discrimination

Biddle, Jeff - 2011

. Negative shocks also appear to increase the earnings disadvantage of bad-looking workers. A theory of job search suggests two …

Persistent link: https://www.econbiz.de/10013120819

Hyperbolic Discounting and Positive Optimal Inflation

Graham, Liam - 2011

The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...

Persistent link: https://www.econbiz.de/10013125143

Wage Discrimination Over the Business Cycle

Biddle, Jeff - 2012

disadvantage of bad-looking workers. A theory of job search suggests two opposite-signed mechanisms that affect these wage …

Persistent link: https://www.econbiz.de/10013107728

An Incentive Theory of Matching

Brown, Alessio J.G. - 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 …

Persistent link: https://www.econbiz.de/10013160145

Markets for Reputation : Evidence on Quality and Quantity in Academe

Hamermesh, Daniel S. - 2009

We develop a theory of the market for individual reputation, an indicator of regard by oneﾒs peers and others. The …

Persistent link: https://www.econbiz.de/10013153301

They are Even Larger! More (on) Puzzling Labor Market Volatilities

Gartner, Hermann - 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/10013155589

Labor Turnover Costs, Workers' Heterogeneity, and Optimal Monetary Policy

Faia, Ester - 2009

We study the design of optimal monetary policy in a New Keynesian model with labor turnover costs in which wages are … zero and the optimal volatility of inflation is an increasing function of firing costs. The optimal rule should react to …

Persistent link: https://www.econbiz.de/10013157529

The Demand for Variety : A Household Production Perspective

Hamermesh, Daniel S. - 2007

. Employing the framework of home production, we trace differences in demand to differences in the opportunity costs of activities …, which are associated with investments in human capital. Schooling alters time costs and changes the variety of activities …

Persistent link: https://www.econbiz.de/10012777023