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Search-matching theory has come to dominate labor economics in recent years, but few attempts have been made to compare the empirical relevance of search-matching theory to efficiency wage and bargaining theories, where employment is determined by labor demand. In this paper we formulate an...
Persistent link: https://www.econbiz.de/10012778561
The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...
Persistent link: https://www.econbiz.de/10013104684
, this transformation took place within just a few years. Until the mid-2000s job opportunities were scarce and unemployment … was high. But since then labor demand has picked up and unemployment has dropped substantially. In contrast to the earlier …
Persistent link: https://www.econbiz.de/10013316640
The paper extends a static discrete-choice labor supply model by adding participation and hours constraints. We identify restrictions by survey information on the eligibility and search activities of individuals as well as actual and desired hours. This provides for a more robust identification...
Persistent link: https://www.econbiz.de/10012906472
This paper analyses theoretically and empirically how employment subsidies should betargeted. We contrast measures involving targeting workers with low incomes/abilities andtargeting the unemployed under the criteria of "approximate welfare efficiency" (AWE)...
Persistent link: https://www.econbiz.de/10005862794
This paper contributes to the policy-relevant question whether self-employment is a way outof (long-term) unemployment …. We estimate the relationship between the entry rate into selfemploymentand previous (long-term) unemployment on the basis …
Persistent link: https://www.econbiz.de/10005863333
This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …
Persistent link: https://www.econbiz.de/10013135650
This paper measures the job-search responses to the COVID-19 pandemic using realtime data on vacancy postings and ad views on Sweden's largest online job board. First, the labour demand shock in Sweden is as large as in the US, and affects industries and occupations heterogeneously. Second, the...
Persistent link: https://www.econbiz.de/10012833886
Recent evidence from large-scale field experiments has shown that employers use job candidates' unemployment duration … unemployment durations. In addition, these participants rate the job candidates on statements central to four theoretical … mechanisms often related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing …
Persistent link: https://www.econbiz.de/10012952583
have high rates of unemployment relative to wage employment, and that self-employment is particularly high where the … unemployment-wage employment ratio is high. I interpret high unemployment-employment ratios as evidence of labor market frictions … labor market frictions can explain almost the entire variation in not only unemployment, but also wage employment and self …
Persistent link: https://www.econbiz.de/10012868820