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, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … finding, and job filling within each country. This robust set of facts guides and disciplines the development of a theory of … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment …
Persistent link: https://www.econbiz.de/10012882367
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are …
Persistent link: https://www.econbiz.de/10004961441
Many workers believe that personal contacts are crucial for obtaining jobs in high-wage sectors. On the other hand, firms in high-wage sectors report using employee referrals because they help provide screening and monitoring of new employees. This paper develops a matching model that can...
Persistent link: https://www.econbiz.de/10005761815
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10005762182
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10010468188
This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … with reference to the design of optimal unemployment insurance programs. …
Persistent link: https://www.econbiz.de/10005703056
(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …
Persistent link: https://www.econbiz.de/10012179998
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014533978
unemployment at large firms are generally found to be more cyclical. However, this stylised fact disappears when the composition of …
Persistent link: https://www.econbiz.de/10008765235
unemployment at large firms are generally found to be more cyclical. However, this stylised fact disappears when the composition of …
Persistent link: https://www.econbiz.de/10010278504