Similar Search Results

Doepke, Matthias; Tertilt, Michèle - 2016

aggregate labor supply and savings. Next, we turn to economic growth, and describe how accounting for families is central for …

Persistent link: https://www.econbiz.de/10011479320

Labor Search and Matching in Macroeconomics

Yashiv, Eran - Institute for the Study of Labor (IZA) - 2007

? How are wages determined? What role do labor market dynamics play in explaining business cycles and growth? The survey …

Persistent link: https://www.econbiz.de/10005822179

Quit Turnover and the Business Cycle: A Survey

Carrillo-Tudela, Carlos; Coles, Melvyn - 2015

The focus of this chapter is to consider new developments in the search and matching literature where wages, quit turnover and unemployment are endogenously determined in economies with aggregate shocks. The aim of the discussion is not only to highlight possible market failures but also to...

Persistent link: https://www.econbiz.de/10011401630

Countercyclical Recruiting Rates and the Value of Jobs

Yashiv, Eran - 2015

U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...

Persistent link: https://www.econbiz.de/10011401640

Does High Home-Ownership Impair the Labor Market?

Blanchflower, David G.; Oswald, Andrew J. - 2013

This study explores the hypothesis that high home-ownership damages the labor market. We show that rises in the home-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a...

Persistent link: https://www.econbiz.de/10010328899

Volatility and Growth: Governments are Key

Jetter, Michael - 2013

There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This … negative indirect effect, operating through the insurance mechanism of government size. Theoretically, the net growth effect of … services in autocratic regimes the positive direct effect takes over. Consequently, volatile growth rates are detrimental to …

Persistent link: https://www.econbiz.de/10010328920

Macroeconomic Determinants of Retirement Timing

Gorodnichenko, Yuriy; Song, Jae; Stolyarov, Dmitriy - 2013

We analyze lifetime earnings histories of white males during 1960-2010 and categorize the labor force status of every worker as either working full-time, partially retired or fully retired. We find that the fraction of partially retired workers has risen dramatically (from virtually 0 to 15...

Persistent link: https://www.econbiz.de/10010329012

Do Unemployment Benefit Extensions Explain the Emergence of Jobless Recoveries?

Mitman, Kurt; Rabinovich, Stanislav - 2019

Countercyclical unemployment benefit extensions in the United States act as a propagation mechanism, contributing to both the high persistence of unemployment and its weak correlation with productivity. We show this by modifying an otherwise standard frictional model of the labor market to...

Persistent link: https://www.econbiz.de/10012059095

Downward Real Wage Rigidity and Equal Treatment Wage Contracts: Theory and Evidence

Snell, Andy; Stüber, Heiko; Thomas, Jonathan P. - 2018

Recent dynamic contracting models of downward real wage rigidity with "equal treatment" – newly hired workers cannot price themselves into jobs by undercutting incumbents – imply that real wages are relatively rigid in "bad" times but upwardly flexible during "good" times. We use an...

Persistent link: https://www.econbiz.de/10011873508

Macroeconomic Conditions and Child Schooling in Turkey

Güneş, Pinar Mine; Ural Marchand, Beyza - 2018

composition and national industry employment growth rates. The results demonstrate that child schooling is pro-cyclical in Turkey …, we find asymmetric effects on child schooling based on skill composition of economic growth. Higher unemployment among …

Persistent link: https://www.econbiz.de/10011931651

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