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What can a New Keynesian labor matching model match?
Reicher, Christopher Phillip - 2009
A labor matching model with nominal rigidities can match short-run movements in labor's share with some success …
Persistent link: https://www.econbiz.de/10010265220
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New evidence, old puzzles: technology shocks and labor market dynamics
Balleer, Almut - 2009
Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding …
Persistent link: https://www.econbiz.de/10010265223
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Sticky wages in search and matching models in the short and long run
Reicher, Christopher Phillip - 2011
This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage …
Persistent link: https://www.econbiz.de/10010277345
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Wage rigidity and job creation
Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - 2009
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10010270767
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They are even larger! More (on) puzzling labor market volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 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/10010277952
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Hiring chains and the dynamic behavior of job and worker flows
Reicher, Christopher Phillip - 2011
In this paper, I discuss three sets of links which I uncover in the data on aggregate US job and worker flows. Job flows are strongly related to aggregate employment growth, while worker flows are strongly related to employment growth and the unemployment rate. I show that a simple frictionless...
Persistent link: https://www.econbiz.de/10010274440
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Unemployment in an interdependent world
Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …
Persistent link: https://www.econbiz.de/10010265248
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Staggered wages, sticky prices, and labor market dynamics in matching models
Neugebauer, Janett; Wesselbaum, Dennis - 2010
build on a partial equilibrium search and matching model and expand the model to a general equilibrium model with sticky … sticky price model outperforms the staggered wage model in terms of matching volatilities, while the combination of both …
Persistent link: https://www.econbiz.de/10010265958
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Evaluating the search and matching model with sticky wages
Reicher, Christopher Phillip - 2010
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … cycle volatility and matching the lack of a long-run relationship between vacancy creation and inflation. With regard to …
Persistent link: https://www.econbiz.de/10010274434
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Unemployment in an interdependent world
Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2012
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …
Persistent link: https://www.econbiz.de/10011453724