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Options to Quit
Pfann, Gerard A. - 2000
This paper develops a theoretical model of a worker?s decision problem under uncertainty about the optimal separation time, when holding a representative outside offer but facing fixed costs of quitting. Implications of the model?s closed form solution are consistent with the quit behavior of...
Persistent link: https://www.econbiz.de/10010262405
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Looking inside the perpetual-motion machine: job and worker flows in OECD countries
Bassanini, Andrea; Marianna, Pascal - 2009
There is an increasing interest in the process of job creation and destruction as well of hirings and separations. Many studies suggest that idiosyncratic firm-level characteristics shape both job and worker flows in a similar way in all countries. Others argue that cross-country differences in...
Persistent link: https://www.econbiz.de/10010271311
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Temporary contracts and monopsony power in the UK labour market
Tabasso, Domenico - 2011
This paper addresses the applicability of the theory of equalizing differences (Rosen, 1987) in a market in which temporary and permanent workers co-exist. The assumption of perfect competition in the labour market is directly questioned and a model is developed in which the labour market is...
Persistent link: https://www.econbiz.de/10010278352
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High wage workers match with high wage firms: Clear evidence of the effects of limited mobility bias
Andrews, Martyn J.; Gill, Leonard; Schank, Thorsten; … - 2012
Positive assortative matching implies that high productivity workers and firms match together. However, there is almost no evidence of a positive correlation between the worker and firm contributions in two-way fixed-effects wage equations. This could be the result of a bias caused by standard...
Persistent link: https://www.econbiz.de/10010283949
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Unemployment and endogenous reallocation over the business cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - 2013
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10010291340
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Labour Mobility - An Adjustment Mechanism in Euroland?
Puhani, Patrick A. - 1999
The purpose of this paper is to evaluate whether labour mobility is likely to act as a sufficient adjustment mechanism in the face of asymmetric shocks in Euroland. To this end, we estimate the elasticity of migration with respect to changes in unemployment and income on the basis of regional...
Persistent link: https://www.econbiz.de/10010262267
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Are Home Owners Really More Unemployed?
Munch, Jakob Roland; Rosholm, Michael; Svarer, Michael - 2003
This paper investigates the effects of home-ownership on labour mobility and unemployment duration. We distinguish between finding employment locally or by being geographically mobile. We find that home ownership hampers the propensity to move for job reasons but improves the chances of finding...
Persistent link: https://www.econbiz.de/10010261596
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Long-term employment and job security over the last twenty-five years: A comparative study of Japan and the US
Kambayashi, Ryo; Kato, Takao - 2011
-national analysis of micro data from Japan's Employment Status Survey and its U.S. counterpart, Current Population Survey. Our focus is … core employees (employees of prime age of 30-44 who have already accumulated at least five years of tenure) in Japan were … remarkably stable at around 70 percent over the last twenty-five years, and there is little evidence that Japan's Great Recession …
Persistent link: https://www.econbiz.de/10010282605
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Trends in worker displacement penalties in Japan: 1991 - 2005
Bognanno, Michael; Kambayashi, Ryo - 2007
We examine the period from 1991 to 2005 to document the effects of a changing Japanese labor market on trends in the cost of job change. During this period, job change penalties and the extent to which they were age-related grew. Evidence is also found of a diminishing specificity in human...
Persistent link: https://www.econbiz.de/10010269244
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The Short-Run Macro Implications of School and Child-Care Closures
Fuchs-Schündeln, Nicola; Kuhn, Moritz; Tertilt, Michèle - 2020
German workforce have children aged 14 or younger and estimate that 11 percent of workers and 8 percent of all working hours …
Persistent link: https://www.econbiz.de/10012270031