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We build a RBC endogenous separation matching model and introduce efficiency wages along the lines of Akerlof (1982 …). While the standard endogenous separation matching model reveals shortcomings in explaining correlations and volatilities … consistently enhance the performance of the (endogenous separation) matching model. -- Efficiency Wages ; Endogenous Separations …
Persistent link: https://www.econbiz.de/10003952784
students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for … admissions ; experiment ; quotas ; matching ; Gale-Shapley mechanism ; Boston mechanism …
Persistent link: https://www.econbiz.de/10009511649
of the labor market such as the matching technology that pairs vacancies with unemployed workers. We estimate on US data …
Persistent link: https://www.econbiz.de/10003486556
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/10003826579
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 … rigidities matches the data reasonably well. -- Search and Matching ; Staggered Wages ; Sticky Prices …
Persistent link: https://www.econbiz.de/10003948565
according to which the internet can improve information in the labour market and in doing so reduce mismatch-unemployment. …
Persistent link: https://www.econbiz.de/10011476242
This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage …. -- Sticky wages ; staggered Nash bargaining ; trend inflation ; unemployment ; search and matching …
Persistent link: https://www.econbiz.de/10009232255
Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding … matching ; business cycle …
Persistent link: https://www.econbiz.de/10003826953
The issue of global warming has become a major topic in the international environmental debate. Alternative climate policy measures can be evaluated with the help of a simulation model that integrates economic and natural science considerations. A fully integrated assessment of the two-way...
Persistent link: https://www.econbiz.de/10011495739
A review of the measures of the stock of human capital used in empirical growth research reveals that human capital is mostly poorly proxied. The simple use of the most common proxy, average years of schooling of the working-age population, misspecifies the relationship between education and the...
Persistent link: https://www.econbiz.de/10011473489